Archive for The Oil Market Battlefield

OIL INVENTORY REPORT: A SURPRISE HIT AFTER NOTHING BUT MISSES

David | July 8, 2009 | 0 Comments

After the big moves down the last two weeks, I am showing no trades according to my CROSSHAIRS, so I will wait for the next move. No need to chase it now!

OIL INVENTORY REPORT: FIFTH LARGE DRAW IN SIX WEEKS BUT BEARISH OTHERWISE

David | June 17, 2009 | 0 Comments

Another contrary report here with mixed numbers. Contrary because the analysts (who are these people and how much are they getting paid?) have it way wrong again! But what really matters to us is the trading environment.

OIL INVENTORY REPORT: ANALYSTS WAY OFF AGAIN WITH ANOTHER BULLISH REPORT

David | June 10, 2009 | 0 Comments

Just waiting for the next move: will the oil stocks catch up with the USO or will we continue to have consolidation? Who knows?

WEEKLY OIL INVENTORY REPORT: FIRST BUILD FOR OIL IN FOUR WEEKS

David | June 3, 2009 | 0 Comments

There could be some retracement trade opportunities here but my charts for individual stocks are not giving me a signal either way. I very seldom trade oil and oil related stocks the day of the report unless my intraday charts are giving a clear signal one way or the other.

WEEKLY OIL INVENTORY REPORT: BULLISH!

David | May 28, 2009 | 0 Comments

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CRUDE OIL had a draw of 5413K. Consensus was for a build of 150K. BULLISH (AND WAY OFF THE CONSENSUS!)
GASOLINE had a draw of 537K. Consensus was for a draw of 1300K. NEUTRAL (CLOSE TO THE CONSENSUS)
DISTILLATE had a build of 248K. Consensus was for [...]

WEEKLY OIL INVENTORY REPORT: BULLISH BULLISH BEARISH

David | May 13, 2009 | 0 Comments

CRUDE OIL had a draw of 4629K. Consensus was for a build of 1000K. BULLISH (AND WAY OFF THE CONSENSUS!)
GASOLINE had a draw of 4154K. Consensus was for unchanged. BULLISH (AND WAY OFF FROM THE CONSENSUS!)
DISTILLATE had a build of 922K. Concensus was for a build of 1250K. BEARISH (AND CLOSE TO THE CONSENSUS!)
BULLISH numbers except for distillates, which is bearish.
As usual, the trade will reveal [...]

OIL INVENTORY REPORT: OPPORTUNITIES ABOUND

David | May 6, 2009 | 0 Comments

CRUDE OIL had a build of 605K. Consensus was for a build of 2500K. LESS BEARISH THAN EXPECTED (AND WAY OFF THE CONSENSUS!)
GASOLINE had a draw of 167K. Consensus was for a build of 550K. BULLISH (AND OFF FROM THE CONSENSUS!)
DISTILLATE had a build of 2428K. Concensus was for a build of 900K. BEARISH (AND OFF FROM THE CONSENSUS!)
BEARISH numbers EXCEPT FOR GAS, which [...]

OIL INVENTORY REPORT: BEARISH AND/OR BULLISH?

David | April 29, 2009 | 0 Comments

CRUDE OIL had a build of 4053K. Consensus was for a build of 1800K. BEARISH (AND WAY OFF THE CONSENSUS!)
GASOLINE had a draw of 4695K. Consensus was for a build of 200K. BULLISH (AND NOT EVEN CLOSE TO THE CONSENSUS!)
DISTILLATE had a build of 1794K. Concensus was for a build of 1000K. BEARISH (CLOSER THAN THE OTHERS!)
BEARISH numbers EXCEPT FOR GAS, which is [...]

OIL REPORT CONTINUES TO EXHIBIT BEARISHNESS

David | April 22, 2009 | 0 Comments

CRUDE OIL had a build of 3857K. Consensus was for a build of 2500K. BEARISH (AND WAY OFF THE CONSENSUS!)
GASOLINE had a build of 802K. Consensus was for a draw of 700K. BEARISH (AND WAY OFF CONSENSUS!)
DISTILLATE had a build of 2682K. Concensus was for a draw of 1000K. BEARISH (AND WAY OFF CONSENSUS!)
BEARISH numbers all around.
As usual, the trade will reveal [...]

OIL INVENTORY REPORT: WHICH WAY WE GONNA GO?

David | April 15, 2009 | 0 Comments

CRUDE OIL had a build of 5671K. Consensus was for a build of 1750K. BEARISH (AND WAY OFF THE CONSENSUS!)
GASOLINE had a draw of 944K. Consensus was for a draw of 500K. IN LINE
DISTILLATE had a draw of 1170K. Concensus was for a draw of 1000K. IN LINE

The so-called consensus was fairly close estimating the GASOLINE and DISTILLATES but the OIL numbers were [...]

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