Gann Analysis

geppy update

yen update

cad update

Cad was shaping up, maybe still going to happen

long cable taken 9574

Yen maybe a sell anywhere from 105.34-79

While oil demand grows higher by the day, supplies are in a constant state of flux…
The Middle East’s tinder is constantly catching fire, and the other major crude oil players are either unfriendly (like Venezuela and Nigeria) or simply running out of oil (like Mexico and the North Sea region).
But Alberta, Canada’s oil sands, once too costly for crude oil refineries to process, have suddenly become a veritable black gold mine. Now…

1. <LI class=style2>The cost of refining crude oil from tar sands has dropped from $29.63 a barrel to $13.21 – and continues to fall as oil production ramps up.

1. <LI class=style2>Canada’s sands contain up to 2.5 trillion barrels of oil – that's more crude oil reserves than every OPEC country combined.

2. With the razor-thin gap between supply and demand – and the volatility of producing nations not priced in – the crude oil price is an undervalued commodity at $90+ a barrel.

When they pull the plug in futures i pitty anyone holding unprotected longs

Nice call on the yen...I got in at 105.56 and am already at b.e.

nice one pooch, i entered 5.50 , cable a little undrwater atm but added 9523, should start coming around , Cad arrrrg maybe crude report can help that momentarily

O,

I think we're going to bust out of this range to the downside brother, that is if housing comes in worse than expected.

Yea DT u maybe right here is week and day

Orion,

You don't see a downside break?

DT not by looking at futures delta points i dont, have a look

should be going down mt into green

I think its accumulating for a push north, yestrday shake out

dropping volume dropping OI on a rising market = liquidation to suckers i think, LOL or maybe me the sucker hahaa

although that OI line is the previous days, and checked cme but dang thing wouldnt let me open yesterdays action

we need a inventory of around 3.2m that should shock the oil industry

im targeting 1.10

I'm targeting 1.0200 intraday

yea good area to take some lots off for profit

its all about oil me thinks

Yep the fact that oil's at 122 and no parity tells me the specs are all gunning long.

absolutely, something isnt right with that, and it must be that a top is being made in CL MFer's i sure hope so

Yep just waiting for 10:30