Comments on: Crude Oil & Stock Index Charts

By: HermonMunster

HermonMunster — Tue, 09 Feb 2021 20:05:30 +0000

closed out drip today. bought yesterday and snagged a quick 3% gain. I’m thinking it will run more, but I lost my appetite for risk in this position

By: roger_guerra89

roger_guerra89 — Tue, 09 Feb 2021 19:14:06 +0000

thanks from the futures traders randy!

By: Flanny3

Flanny3 — Tue, 09 Feb 2021 17:59:02 +0000

In reply to becky. agree. oil can break 60. fed wants inflation running "hot" for a bit. transportation of every good down to my burritos and milkshakes these days

By: becky

becky — Tue, 09 Feb 2021 17:43:46 +0000

In reply to tslamoon2022. Very bullish price action in /CL. I think @rsotc is missing something fundamental about crude. Possibly the demand coming back in while the supply is tighter than it was pre-COVID; that's just my wild guess. Stores are re-opening in Europe and possibly elsewhere, restaurants will be able to reopen too once the spring comes to Europe, all of this should increase the demand for transportation.

By: tslamoon2022

tslamoon2022 — Tue, 09 Feb 2021 17:04:43 +0000

Just wanted to point out, when I look at the daily chart, /CL seems to be in a bull market, higher highs, not divergent, PPO > 0. Given the action posted by @rsotc on the hourly chart, what does it suggest - the possibility for just a near term correction of the broader market but otherwise still bullish for the market?

By: dayoub

dayoub — Tue, 09 Feb 2021 15:53:52 +0000

I got stopped out of UCO and into DRIP…… i don’t think this will be a long term play but we will see…..I added more CORN, SOYB and WEAT to existing positions. FYI…….. thanks for the charts randy.

By: nostaticatall

nostaticatall — Tue, 09 Feb 2021 15:05:33 +0000

@rsotc are you still holding DRIP or has it hit the stoploss.