RE:Prior To Settlement Date: Very Low VolumeYes volume was extremely low wasn't it....almost abnormal.
It is just someone I listen too..has been strangely bang on more often than not.
He said under $115 just before the start of the FOMC Press Conference. I actually posted that on the board prior to the FOMC and sure enough the guy was right it was dropped to $114.95 right as JP started to talk/before taking questions. I can see it hitting a target but to call it by the minutes seems interesting.
He also said this Friday it would settle below $110 and would be held at settlement until August starts. Again somehow bang on almost to the minute today right before settlement it dipped below $110 to settle at $109.56 (I think right now $110.08)...see how Monday/Tuesday goes..but it is interesting.
Anyhow he said there are a few psychological points that must be met...he said under $115 for the FOMC meeting and out of the $110-$120 range to start August. I get that whole chart thing but he doesn't talk charts or gaps etc.
I don't know if it is luck or what but he also said the volume would be off considerably to what was expected. Sure enough I looked and the volume was off significantly.
I'm not much for conspiracy theories (trust me not my thing) but I just find it interesting.
Like Cobalt talking the gap...I watched it and sure enough it filled...some think this is all just controlled by one entity LOL. For me that is too far out there..
I just listen to many people and these comments stood out.
Who knows but interesting right?
Wish I could offer more insight...could just be a crazy guy LOL
Leewardcape wrote: What, really, is going on here? Anybody know? Baywolf? Why is it important to get the July contract under $110/bbl before settlement Tuesday, June 21st, as we change on that day to the August contract? And look at the volume...about 30% of average....I smell a big, fat, rat...do you?