I bought Oct 19th (USO) 14 calls for $.60 cents on the breakout today. Looking for a 50% return!!
Looks like all the boxes are checked off to swing at the fences there Mike ! ☺
Crude held key short term support!!! Bull flag? Breaking out to the upside? Triple top??
Crude 3 month chart
| |
Crude1year chart below
| |
Crude 5 year chart below
| |
Crude10 year chart below
| |
Crude prices historically still strong this time of year...........actually, I stated that a month ago.
We are now into the time frame of a seasonal top!
Unleaded Gasoline Price Charts(not as strong as crude or heating oil): Uptrend on longer term price chart......bull flag short term(or top?)
| |
| |
5 year........are we headed back to the highs?
| |
| |
Here are the gas prices at the pump.
The National Gas Price Heat Map from GasBuddy:
https://www.gasbuddy.com/GasPriceMap?z=4
Weekly US ending stocks of crude oil. Peaked in March 2017 and have been falling sharply since then. Now still close to the lowest in 3.5 years:
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRSTUS1&f=W
Weekly ending stocks for unleaded gasoline. Barely peaked in Feb 2017 but have not dropped much...........similar this month to July 2017...still fairly high:
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGTSTUS1&f=W
Weekly US ending stocks for distillate fuel oil(heating oil-especially used in the Northeast). Peaked in Feb 2017 and had PLUNGED to the lowest in 4 years and almost the lowest in 10 years.
However, distillate stocks have increased a great deal recently(the last 2 months)!
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WDISTUS1&f=W
Stay The Course My Good Man !!!... especially next Wednesday thru Thursday (looking for upside objective ?!?!?!?)
.... measures 75 for 1-st stop if it starts spikin'
ooops... forgot the chart... EVERYBODY STAY COOL !!!
Hi plumber dude....
Crude traded up to 71.40 this session , just praying that you're still in it to win it.
This trade was definitely the best trade of the time frame and still will continue to be IMHO
Opposite view point here.
Huge reversal taking place.
Short at 7044. Risk is new high
Probably good for 200-300 point drop this week
Nice open tjc. a reversal at a resistance point. Hope mike and silver have stops in positive territory.
The seasonal top for the liquid energies is in this current time frame into October. We could have triple top in the crude market.
good trade tjc.... it is weak this evening too... just prayin' plumber dude got paid.... all I know is underlying futures
market NOT the "ETF"... good trades to all....