Support at the 200 day MA zone.

Crude Oil

I use UCO., also long here. The Saudis are looking to continue the output cuts because of the over supply. Oil is the safest investment.

Crude Oil

Biden is releasing the SPR and volatility and the US dollar are moving up. We have a ways to go, maybe $74?

Crude Oil

3 touches on the H4 at the $76.50 zone. Seems to be a respected level so far.

Crude Oil

WTI also, $85 zone and down

WTI Crude Oil Trading

$90 is coming.

WTI Crude Oil Trading

CPI a little hot, USD is coming up and oil down.

WTI Crude Oil Trading

$76 support. Oil falling with equities.

WTI Crude Oil Trading

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WTI Crude Oil Trading

Because of the general weakness coming into the market, i think what will happen is a sell down to $76. SPX is cracking, dollar and volatility ready to rise.

WTI Crude Oil Trading

USD is way down and cocked back rise next week. Looking to go long near $77 The market in general looks to be in a risk off mode for next week.

WTI Crude Oil Trading

Maybe $83 once it can get past this $80 barrier. We will see how the non farm payrolls affects it. Dollar is still down but volatility is rising. Every dip is buy for sure.

WTI Crude Oil Trading

Looking like a buy the rumor, sell the news event. Big round number looking like $80.because the rest of the market is tanking.

WTI Crude Oil Trading

Definitely going to be oil up, stocks down with that 2 million barrel cut until the end of June. Just another expense becoming more expensive.

WTI Crude Oil Trading

[quote=Jolita;14777576] $80 hit and then it backed off. Let's see for next week.

WTI Crude Oil Trading

Been up for a month now. I think the market is getting tired on inventory builds. Looking to short it here to $75.

WTI Crude Oil Trading

Lower high, looks to be turning down to $74. Supported with the Saudis holding back a million barrels a day and China rate cuts with the 40 billion $ stimulus package.

WTI Crude Oil Trading

I figured why prices have been pinned despite a 12 million barrel build up; the Chinese had a big rate cut to stimulate thier economy and the Hang Seng has been up 7 days in a row. They think eventually draw downs will appear again because of the ...

WTI Crude Oil Trading

$75 yes you're right. They will sell it off before the NY open tomorrow.

WTI Crude Oil Trading

Looks to be topping out again.

WTI Crude Oil Trading