RE:RE:RE:RE:RE:RE:RE:ReportsYeah.... sold some more at 4.18 .. then bought them all back at 4.16 and now sold them all at 4.19 and I will stay there for the close... I am once again out of my traders and my longs look NICE!!! what a great day... will see what tomorrow brings .. and play around the INV;s .. GLTA
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Moemoney42 wrote: Nice move.. I would have priced at $4.20 for the close myself.. I thought the momentum would bring the buyers in late day.. but what do I know.. LOL.. Bpultra wrote: I took some off at 4.17 and yes another nice run...but like I said this could really bust out if INV's help .. back to work..lol
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Moemoney42 wrote: Hey BP looks like with WTI ramping up you could be pulling another great trade today.. could be a strong close and high for the day..??? Do you stay long or sell the traders at the close.. ??? Bpultra wrote: Mo I am back in at 4.04... wow .. I have done very well today If I don't say so myself... also added extra to the longs with the winnings .... so I am going to set up for a draw down on inv's .. but it may not really show up big time till next week... but I am going to hope we get a bit of a spike after INV's ... but one has to becareful as some of this may all ready be baked in.... we have all seen this before you get a draw down and down the oil goes... so two forces at work... the shorts want this under $4 again REAL bad ... but hoping the we have some funds coming back into CDN oil.... also that CPG PR team should be starting to wake up about now... so I am going to roll the dice that these goof balls maybe finallllyyy throw us some sort of bone .. I do not see any action on the insiders one way or the other ... but I am hoping these guys running this thing realize that they need to give the MM's something to chew on but dog poop.. GLTA
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UnderTheRadar wrote: With regard to API numbers (less impactful than EIA) I've noticed toward end of day, we'll typically see the oil price fluctuate accordingly--so I've always assumed the numbers are leaked early and the trade gets priced in...so far, today, not a huge sell-off but as we've seen before, the last couple of hours can tilt.
Moemoney42 wrote: I've taken the same stance Radar.. oil holding that $60 handle.. short term MA's have caught up.. the headlines are creating a dicey call again.. one would think the numbers coming out later today and tomorrow could show some short term direction..??? Tough call.. mind you BP seems to be doing ok with these narrow spreads..! ;-) UnderTheRadar wrote: Seems like a sideways trade pre-inventory reports with crude resistance price around $60.78.
Next price catalyst for now are the reports although many times they don't appear to
correlate with market action. I'm wondering how the current US "deep freeze" situation will impact inventories in the weeks ahead. OPEC's aim to achieve some type of market balance since their March oil price annihilation debacle has so far held up--word on the street is that $57.50/crude should lend some price support in the event of any downturn...I'd think that deeper/long-standing short-trades are too risky b/c of OPEC intervention.
Typically, I've sold shares and waited on dips but I've decided to just hold current CPG shares with the volatility. If anything, I'd be looking to add or start other new energy posiitons on dips in consideration of the improving sentiment on supply/demand expectations into 2022.
Though it's as if any of us can ever figure out the next new narrative.