Crude Oil Futures

Xymox

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Notice the daily distributive pattern, some large players raising cap reserves.
 
candles
 

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breaking down
 

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distributive pattern negated.
 

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Be wary...

Fundie's may fall apart with corporate dependance... watch demand specs closely...with missing flows proping up NG. Especially on foreign balance sheets (CAD) demand for capital improvements and cheaper energy sources( NG) for production being a nice excuse to hit consumers.

Possible leaps/ calls/ in NG tp @ around 10-12 fading in @ 5-6-7...

Confirmations include; re-intro of negative correlational co-efficients/ RBOB-Crack spreads...convergence/divergence.
Entry: At first sign of fundies meeting tech's...

Still on the bid like a bad man here, Xymox
Good to see your work again!
Best Regards
 
Oil is just steam rolling everyone whos trying to short it, after a certain number of pivots and resistance levels break to the upside, a runaway psychology market is created. And this is what the major specs may be looking at, this runaway scenario creates immense liquidity for them to covertly exit.

there are a great deal of forces at work in the world, more powerful then what most can imagine. Rebellions, pipeline explosions, wars, seem to all coincide at the right levels. Major inflows into Russia of capital from energy, has saved that country from falling into a severly nationalistic state. And this may be the ultimate design of why oil is at the current price it is.
 
Indeed,

Putin has been a unbridled success.
All western demand specs have been used as cannon foder lately.
 
oil revenue could be being used to support the bond and equity markets, apart from funneling it back into the oil futures market.

americans can ignore the high prices as long as their portfolios go up. And the oil companies can get extended life without political scrutiny from the political constituents.
 
The greatest consumers, Americans

oil revenue could be being used to support the bond and equity markets, apart from funneling it back into the oil futures market.

americans can ignore the high prices as long as their portfolios go up. And the oil companies can get extended life without political scrutiny from the political constituents.

market participants outside of American jurisdictions have been getting oppressive language put to them...increased royalty taxation on natural resources coming out of Canada and Russia. Just another reason why prices have continued to climb...
 
Oil is just steam rolling everyone whos trying to short it, after a certain number of pivots and resistance levels break to the upside, a runaway psychology market is created. And this is what the major specs may be looking at, this runaway scenario creates immense liquidity for them to covertly exit.

there are a great deal of forces at work in the world, more powerful then what most can imagine. Rebellions, pipeline explosions, wars, seem to all coincide at the right levels. Major inflows into Russia of capital from energy, has saved that country from falling into a severly nationalistic state. And this may be the ultimate design of why oil is at the current price it is.

Runaway psychology with exit strategies for market participants WILL revolve/oscillate around fundie's of the day and tight indicators such as daily 5 sma's (true price).
Ofcourse, shorts are weak these days.
 
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natural gas looks ripe for 12..dollars.
 

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Turkey being pulled into the war. Oil futures should open up above 90.
 
oil market might be responding more then supply constraints, Turkey troop movements, and game theory predict they invade.
 

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