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- Temujin replied Mar 13, 2024
$90 is coming.
- Temujin replied Mar 12, 2024
CPI a little hot, USD is coming up and oil down.
- Temujin replied Mar 11, 2024
$76 support. Oil falling with equities.
- Temujin replied Mar 8, 2024
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.
- Temujin replied Mar 8, 2024
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.
- Temujin replied Mar 6, 2024
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.
- Temujin replied Mar 5, 2024
Looking like a buy the rumor, sell the news event. Big round number looking like $80.because the rest of the market is tanking.
- Temujin replied Mar 4, 2024
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.
- Temujin replied Mar 1, 2024
[quote=Jolita;14777576] $80 hit and then it backed off. Let's see for next week.
- Temujin replied Feb 29, 2024
Been up for a month now. I think the market is getting tired on inventory builds. Looking to short it here to $75.
- Temujin replied Feb 27, 2024
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.
- Temujin replied Feb 22, 2024
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 ...
- Temujin replied Feb 21, 2024
$75 yes you're right. They will sell it off before the NY open tomorrow.
- Temujin replied Feb 21, 2024
Looks to be topping out again.
- Temujin replied Feb 17, 2024
UCO is the best. Calls 5 weeks out on every good support zone.
- Temujin replied Feb 7, 2024
Going to start falling again. Up 5 million barrels.
- Temujin replied Feb 5, 2024
Thanks for the book. Looks like we could be seeing a trend of mild inventory builds and draw downs.
- Temujin replied Feb 3, 2024
$72 is fine for me. Bought today at the NY close.
- Temujin replied Jan 31, 2024
The Non farm payrolls Friday also. We should have a good draw down based on the 2.5 million draw from the API data but the stock market in general is topping. Lots of layoffs reported during this earnings season.