Still short from $76.85 via put on UCO.

WTI Crude Oil Trading

I'll buy at $72 when the Fed slams stocks down on the 27th and oil goes with it.

WTI Crude Oil Trading

I see a buy at $72.

WTI Crude Oil Trading

Here comes the API inventory build again, short it.

WTI Crude Oil Trading

Looking weak as the dollar is rising in anticipation of the next rate hike.

WTI Crude Oil Trading

Almost a 6 million barrel surplus reported Wednesday. The traders will not keep buying week after week with inventory builds like that and another rate hike just 2 weeks away. Support on the daily chart does not appear until $73.50, the 200 and 100 ...

WTI Crude Oil Trading

I sold at $77. My price target is the bundle of support ar $74.

WTI Crude Oil Trading

The dollar index got slammed to 99.75 just as WTI hit $77. They will start switching places now. USD will climb from the lows and oil will fall from the highs.

WTI Crude Oil Trading

Going the opposite way of inventory fundamentals and IEA forecasts. I think it is about to turn down now.

WTI Crude Oil Trading

Yeah, price is being suppressed for sure to bankrupt Russia's war chest. There have been some draw downs some weeks so it will keep price supported.

WTI Crude Oil Trading

At the 200 WEEK Moving Average now. Not a flimsy support $67.40.

WTI Crude Oil Trading

Thanks! Haven't seen that news yet. Yes, I think heading lower again once the SP500 cracks and sells off very soon.

WTI Crude Oil Trading

All the cuts will do is put a floor under the pricing, mabe $70?

WTI Crude Oil Trading

Thanks for the trader philosophy mindset. I'm interested in shorting the DOW Jones 3rd week of June. Perhaps some seasonality weakness will come in.

DOW Futures

OPEC+ meeting over the weekend. If they can't make money then supply will eventually be constrained to stabilize the prices. Rig count is falling.

WTI Crude Oil Trading

Could test the 200 Week MA at $65. We need to see a rotation of money back into the energy sector in June. The inventories have been good but hedge funds are betting against crude oil.

WTI Crude Oil Trading

A temporary pop but now looks to go to $65 when SPX implodes in a couple weeks.

WTI Crude Oil Trading

Opec meeting in a week or so. Driving season coming up. Big draw down last week. Fundamentals are looing ok.

WTI Crude Oil Trading

I'm seeing something different now. We are flattening out on the W1 chart and supported on the D1. We are moving back up to $76.

WTI Crude Oil Trading

Down as equities also are hitting a top.

Dragon Riders GBP/JPY