The Swamp

Quoting gatorinla

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{quote} The 6 mth has some topping qualities. Some supports can catch. It's still 1$ above 70.21. Its in a place it may slip. The stockpiles are on the lower end. That favors a rise. But even if low, if the stock piles grow, while price dropping. That's not so good for stable price. That indicative of a fall in price. {image}

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Quoting gatorinla

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{quote} The price and storage were dropping like shown in the above quoted chart. This week's number, the storage increased. It likely means less demand. {image}

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Quoting gatorinla

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1 yr of dropping stockpile. With 1 year of a flat price. More oil is being produced than ever before in the period. That kept prices stable as storage dropped. Now the price is on the lower end. Despite a reduction in storage. A drop in demand usually causes a drop in price. The price has been dropping despite record cold. That can be the canary in the coal mine. If inventories do start rising. That's 2 canaries. You can't say price dropped due to a oversupply. It has to be something else. It's not a good sign for price to rise....

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Quoting gatorinla

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{quote} This weeks oil number is just 1 week. Storage supply grew about 3X more than predicted. A growing inventory can fast forward a price drop. 1 week alone may not be enough. It on the surface, has what's needed for a contraction in the economy. If this pans out, the Aud/jpy may be a good short. .

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Quoting gatorinla

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Sustained closing below 0401 eu leans bearish to me.. +0425 closing leans bullish 0422 an attractant. Some support 0377 area.. It may be a buy, but it would need to get back above 0401..Neutral between 0401 and 25.. A possible long 0377ish to tp 0422 Pa is well above the week range. Stopping at 0377 is not a guarantee. Some support is expected there. Some slippage needs to be assumed. {image}

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Quoting gatorinla

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{quote} The bears didnt hold.. {image}

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Quoting gatorinla

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Just with the Usaid cut. Its 52K American job losses

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Quoting gatorinla

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{quote} Copper inventories are rising. But so is the price. It may encounter some R at 4.47$. If the price of copper starts to fall below 4.30$. That may mean something. Taken with the oil inventory rise. If the AJ losses its footing, that's just another sign. As fragile as things are. Talking about tariffs will not help. {image} {image}

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Quoting axecap

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AJ H1 close. {image}

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Quoting gatorinla

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Sustained closing below 0401 eu leans bearish to me.. +0425 closing leans bullish 0422 an attractant. Some support 0377 area.. It may be a buy, but it would need to get back above 0401..Neutral between 0401 and 25.. A possible long 0377ish to tp 0422 Pa is well above the week range. Stopping at 0377 is not a guarantee. Some support is expected there. Some slippage needs to be assumed. {image}

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Quoting axecap

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AJ placed a pending sell at 95.76 M15 {image}

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