I think we might c a sustained long rally upto at least $100 cuz these fat supply reports are going to thin out pretty fast once us refineries start working after maintenance in a couple of weeks or so. have been wrong many times before though. just ...

I believe hes implying to the fundamental of oil like gold going down when dollar moves up and vice versa. personally agree with jaygee though, it is worth a long. oil has been getting battered lately and should produce a rally of sorts somtime soon. ...

oil?

Correction just found out the news was for Keystone XL which is for pumping oil from Canada to US and hence is not bearish for oil but in fact for CAD. confused it with the other one which is due to be completed in near future and caused crude oil ...

i don't think the news about Obama not going to approve Keystone pipeline posted on FF has quite sunk in the market yet. If its correct thats a major bearish factor for oil as well.

reckon its going to fall below 95 this week if situation remains the same i.e. no new geopolitical risks.

Really isn't anything bullish for it except that it was trading around the intraday low. Stocks in Cushing r up for the 2nd time along with the total.

hmmm don't think its going to hold for long though.

Thnx alot Massive Seller

Hmmm no wonder my order for squaring at 1266 dint go off even though price slid to around 1262. it was up at 1268 when the glitch was removed but thankfully it went down again to hit it.

103? 104? 120!!!!! this is going below 100 guys. alot of downward pressure. Inventories are likely to keep on rising. this time of the year most of the refineries will be shut down for a certain time due to maintenance.

Very good short article, personally i think this is somthing most of us will only learn with experience.

it might actually, dont think many buyers will go for it at this price given the present scenario and even if it doesnt today it will eventually if conditions remain the same i.e. Bearish.

we make money with 80 cents before Draghi speaks which is exactly wt i just did, thanx for the oily thoughts

thoughts on oil outlook for today anyone plz ??

The answer to that is the news ur posting in my friend

good one. has a pleasant ring to it hehe.

Next we'll probably be hearing about a special Fed meeting in November for a "NoTaper" or in December a "DeTaper" lol

phewww good thing i squared my short before going out at 105.7 ish...wud have been mojoed by now otherwise.

I think Gold is going to break below 1300 with the looming taper and cpi data today.