That was a BRUTAL collapse on Sterling today, wow. I was shocked and thought the website I was viewing must have been mistaken. Growth plan expected to fuel inflation. This weekend the issue be clarified before the open Sunday. GBP will surely surge ...

Cable Update (GBPUSD)

[quote=Temujin;14150603] That was a BRUTAL collapse on Sterling today, wow. I was shocked and thought the website I was viewing must have been mistaken. Growth plan expected to fuel inflation. This weekend the issue be clarified before the open ...

Cable Update (GBPUSD)

That was a BRUTAL collapse on Sterling today, wow. I was shocked and thought the website I was viewing must have been mistaken. Growth plan expected to fuel inflation. Sunday this will be clarified before the open and I'm certain GBP will rise

Cable Update (GBPUSD)

[quote=Blazed;14150169] If weekly inventory on the barrel count is more than what analysts expect then it is bearish for WTI because there is a build up which shows less demand, less consumption and so the price goes lower. Vice versa for bullish ...

WTI Crude Oil Trading

[quote=Temujin;14148853] Look how the data is changing also; from big draw to draw to oh wow less of a build than we expected. Bearish inventory weekly now.

WTI Crude Oil Trading

[quote=yani38;14146373] After the rate hike no more buying until $76 for me. I do not trust it.

WTI Crude Oil Trading

[quote=Temujin;14145846] Big day ahead with the Fed expected to hike 75 basis points. Maybe a move lower in commodities and then a sell-off on the dollar to bring gold, oil and everything else back up.

WTI Crude Oil Trading

Big day ahead with the Fed expected to hike 75 basis points. Maybe a move lower in commodities and then a sell-off on the dollar to bring gold, oil and everything else up.

WTI Crude Oil Trading

I'm short WTI but not largely so. Let's see what happens tomorrow at the rate hike.

WTI Crude Oil Trading

Buying the bounces for sure.

WTI Crude Oil Trading

IAE saying much lower demand in Q4 mainly due to China COVID-19 lockdowns. I like $76 for the next run upward unless we have market crash among all asset classes. Wow, no wonder. The Biden buyback story is BOGUS. url

WTI Crude Oil Trading

Going to $79 soon. API build in inventory and now that CPI report. USD up and oil down.

WTI Crude Oil Trading

Bought at $85 and then $83. Dollar Cost Averaging for a bounce. UCO 2X ETF

WTI Crude Oil Trading

Yes

Crude Oil

Jackson Hole was definitely a test for how resilient oil is to selling pressure. Most assets ended up red on the stronger USD but not oil. Bug the dips.

WTI Crude Oil Trading

More jawboning about the Iran deal dropped it to $93. I want Jackson Hole to sink oil for a better buy set-up.

WTI Crude Oil Trading

Saudis cutting output but the Jackson Hole Symposium is Frday and the Fed needs a clear message of continued tightening to beat inflation.. This will surely put a downward bias on Oil. Market is holding it's breath.

WTI Crude Oil Trading

Short @ $91.80 last Friday, cannot wait until the open. Next BIG buy level is $80.

WTI Crude Oil Trading

Short is the way to go. Inflation numbers showed a good drop and most likely a big build in inventory tomorrow not a draw. $86 soon and then $80 will be a buy level. Actually it is a tough one to figure out this time because we are at the 200 Day MA. ...

WTI Crude Oil Trading

Non farm payrolls for July in a couple hours. My opinion the number will be high enough to take us to $91

WTI Crude Oil Trading