I'm thinking tomorrow's EIA data could be a big one. API showed a surprise build earlier. If we get a surprise build tomorrow, prices could drop big after the recent gains. If you're interested in checking it out, I just posted the preview for ...

WTI Crude Oil Trading

If I read that right, that was some funny shit man. image

Sweet, sweet Oil

Very impressive entry. Nice job DonPato! I just posted a preview ahead of tomorrow's Natural Gas storage data. I'm sitting it out. Due to the EIA petroleum data shortly afterwards, any move will have limited potential for any follow through. Full ...

Nat Gas anyone?

The first brave soul to enter. Welcome to the competition. We have the Natural Gas and Crude inventory data due out tomorrow. I previewed them here: Natural Gas Storage - Sept 5th Preview EIA Weekly Petroleum Data - Sept 5th Preview Then, on Friday ...

Energy Competition Zone (Demo)

EIA Weekly Petroleum Data - Sept 5th Preview Crude Oil Inventories Distillate Inventories Gasoline Inventories Forecasts Crude inventories are expected to continue to show a draw. General consensus is for about 2.4M vs -10.0M prior. Gasoline ...

High Impact Events Trading... Energy Edition

Natural Gas Storage - Sept 5th Preview Natural Gas Storage Forecast General consensus is for a build in natural gas storage of around 77B vs 60B prior. Notes on this release here. Recent Impacts (view prior impacts here and here) Last week the ...

High Impact Events Trading... Energy Edition

Gold right now is looking like it could go either way. We have ten more minutes until the SHFE open. Then, it'll take a direction or maybe just some volatility. It's hard to believe it won't retrace before moving higher, but it's been on a tear. The ...

Gold RIGHT NOW

$50.50 is a long way down. Are you short until then? Or are you just staying out unless you can get in that low? I'm short but only down to about $54 and change.

Sweet, sweet Oil

What a day WTI had. I got lucky and hit my target on a short trade prior to today's rally. Now, I'm going to open a short position. Ripe for the taking! Whether you're bullish or bearish, it's tough to argue that it's due for a pull back. Let's go!

Sweet, sweet Oil

The US-China relationship is very complex. Trade, currency fixings, Chinese buying up treasuries, China manufacturing US goods. It's why Trade Balance used to be a high impact event and now is a non-event. Marc Chandler's book Making Sense of the ...

High Impact Events Trading... Gold & Copper

I want to see where you are on this. The Bank of Canada didn't change the language in the statement but a rate cut is still coming. They will shift and it will be priced in at some point. If the global slowdown is coming then the cross to take ...

High Impact Events Trading... Gold & Copper

I hope to have a preview up for US employment data prior to the event. Probably the day before. Vorenzd might have some insights as well. We'll see.

High Impact Events Trading... Gold & Copper

Crazy day! Greenspan's best days are behind him. I'm pretty sure his most recent book he wrote was calling for double digit inflation around right about now. Don't quote me on that. But the dude is old. Gotta give him credit though. Landing Andrea ...

High Impact Events Trading... Gold & Copper

The Bank of Canada meets tomorrow. While there's some risk to crude prices (higher or lower) associated with multiple scenarios, the biggest is the one where the BOC adds to fears of a slowdown, both in the US and globally. The Bank of Montreal ...

WTI Crude Oil Trading

API inventory data - Sept 4th preview API Weekly Statistical Bulletin Recent Impacts Aug 27 (more prior impacts here) image Overview Crude has been trending lower, but this data tends to have impact regardless of the longer term trend. I'd expect a ...

High Impact Events Trading... Energy Edition

Tough question. I'm not sure. Here are some thoughts: Gold is where the least amount of risk is at a time where uncertainty is really high. It's conservative, but the big money should be there. Crude probably has some room to the downside. A riskier ...

High Impact Events Trading... Gold & Copper

The reason I don't think it moved markets as much as it did was the market had somewhat been pricing it in via other manufacturing data. This Flash Manufacturing PMI release signaled weakness in the manufacturing sector. Richmond Fed Manufacturing ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I'd make the argument that the stock market is underestimating most data and the potential implications. It's been this way for a while. I've been bearish on US equities for probably longer than I'd like to admit. When the correction does come it's ...

High Impact Events Trading... Gold & Copper

Some would argue it might not have much value if you're in the market to day trade. I disagree. When I identify a trend such as this recent weakness in crude, I try and stay away from long entries, even if it looks tempting. By sticking to shorts ...

WTI Crude Oil Trading

The reason I don't think it moved markets as much as it did was the market had somewhat been pricing it in via other manufacturing data. Richmond Fed Manufacturing Index, Chicago PMI, Philly Fed Manufacturing Index, and Empire State Manufacturing ...

High Impact Events Trading... Gold & Copper