OIL ROULETTE … PLACE YOUR BETS!

“So, what I’m hearin’ is, it’s a slam dunk!”

The oil inventories roulette wheel has been greased and? … “well, best stay away

unless you like capital losses … now it’s on to the FED! … and lo & behold, the

faculty lounge Twits never seem to get it right. As to its impact on oil, not much if

anything … better to play oil roulette on oil inventories reports twice a week, and

see how the little ball spins around and where it lands … it’s either “winner winner,

chicken dinner” OR “so sorry, you go now, you got no money left” … anything else

is an accident.

So, onto tomorrow and we’ll see what happens … until then mi amigos

… Onward & Upward!!

Have a great day everybody!

-vegas

OIL GETS WORSE

“What is gone? … anybody who gives a shit about oil!”

Here after 1 PM EST, oil can’t even put in a 60 cent range … yikes! … does

anybody care or give a shit about oil right now? … SHORT ANSWER: “No”!

… can we go to the beach now?

Until tomorrow’s FED clusterfark mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

MORE MARKET BULLSHIT! … WHO’S SURPRISED?

“What can possibly go wrong!?”

What did you expect for today, a whirlwind of trading activity? … with nothing

changing anywhere, except the time and date, oil is stuck waiting for the FED, and

then NFP on Friday … quite frankly, I’m not sure either is gonna make oil move

one way or the other. So, we wait.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

SUNDAY UPDATE: THEY SHOOT HORSES DON’T THEY?

“Sounds to me like she trades oil as well!”

Maybe Wednesday’s FED meeting and Friday’s NFP report will give oil some

impetus to move somewhere … maybe … if not, come back after Labor Day and I

don’t think you’ll have missed anything … yes, it’s that kind of market right now.

Directly below, the 20 Day Range MA chart of WTI Crude Oil.

click on chart to enlarge

I wish there was better news regarding oil, but with August approaching and the

world winding down for “vacation time”, it doesn’t look good for oil volatility

… and the supplies of crude keep building while world demand goes softer and

softer by the day … are the 40’s in our future once again in the days and weeks

ahead? … right now, it makes more sense than anything above $60, but whatever

happens it’s likely to be a grinding market … until tomorrow mi amigos

… Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas

WAKE ME UP WHEN SOMETHING HAPPENS

“Then I see an oil chart and I’m a mess!”

Trying to find the words for oil this week … “complete shit” comes to mind

rather quickly … like gold, it’s either screaming somewhere or dying on the vine

… it matters little whether you’re long/short, the spikes will find you.

Sure, I can sit here and regurgitate oil market data and sound like an analyst

… but I’m a trader, and my job is to find the easiest way to make a buck while

mitigating risk … in oil, that’s no easy task … and it gets even harder when there

is no news to change the market dynamic from either the supply or demand side

… in other words, oil is in limbo … stuck in the mid 50’s, it’s going nowhere … the

FED and NFP next week might have an impact, we’ll see … for now, though, leave

this shit alone and go do something that doesn’t raise your blood pressure to

dangerous levels.

Blog update on Sunday … until then mi amigos … Onward & Upward!!

Have a great weekend everybody!

-vegas

LOOKS LIKE THE OIL ROULETTE WHEEL IS CLOSED

“If he wasn’t selling shoes, he’d be trading oil!”

OK, lucky oil traders, another thrilling day in crude, right? … umm, no actually

… just another day inside the shoe store where Al Bundy works … more than likely,

traders making the same kind of money … to be blunt, this trading action sucks.

And that pretty much sums up oil.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

RED 23! … OIL IS ROULETTE

“Wake up and trade oil today!”

First kill the shorts, then go for the longs … rinse, repeat, welcome to crude oil!

… where no stop is safe, and the money slides easy down the drain … don’t let

those pesky inventory reports get in your way, they’re just roadblocks for getting

rich is all.

And so sees another day of mayhem, chaos, stop hunting, and order book

cleansing in oil, on a scale no other market traded sees in a month … so, what’s

new today? … absolutely nothing … keep calm and carry on until something

matters.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

CRUEL OIL

“I think I smell him today!”

Another listless day in crude … can’t go up and can’t go down … pinch me to make

sure I’m not caught in some nightmare … why should today be any different than

the last week? … oil inventories tonight, and tomorrow morning will undoubtedly

trap somebody, but other than that, we’re stuck in the mid to upper 50’s for now

… nothing new under the sun for oil … same old shit, different day.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL POPS, THEN FIZZLES

“This message brought to you by the oil market!”

Well now, isn’t this special? … a short covering rally everybody in the world was

looking for came near the European open, and then it was tears the rest of the day

as the aforementioned rally couldn’t hold … see my shocked face. Quite frankly,

I’m kinda surprised it got up as far as it did before rolling over, but when you’re

squeezing shorts unmercifully, there really is no limit to the pain, until every last

terrified short punches the liquidate button and covers … then the fun continues

again unabated … too bad that has left very little for the New York session, where

oil has been as dead as gold.

Needless to say, there isn’t any shift in oil market dynamics from the weekend

that is spurring any trading action … same old same old, and up and until that

changes, this very much is a technical trading market off MT4 indicators that give

very little room for error … quite simply, we’re stuck in the mid to upper 50’s.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

SUNDAY UPDATE: NOTHING IS RESOLVED

“I think this describes a lot of oil traders!”

Or, you could have been born rich, and now cuz you trade oil, you’re an

“anti-transfinancial”, which means you’re poor cuz of oil … “quite frankly, I just

hate discriminatory markets! … Benson, take me to my safe space”!

In any event, it should dawn on traders that this Summer is nothing more than a

“pump & dump” scheme on WTI crude Oil … a run up on “vapors”, chief among

them the continuing scam known as the China trade deal, so that various world

thugs & dictators could sell oil to the rubes, and now the hangover day after,

where the only thing left to decide is where Vlad & crew cover their oil shorts

… “Yup, Summer 2019 has not been kind for trend followers in oil”.

Oh sure, we still got the “shitshow circus” called Iran, and that sword hangs over

every short positioned spec’s head, just waiting to be swung into action … but

being long is no bargain either, as world demand for oil goes South with each

passing week … in other words, it’s a very short term traders market.

Directly below, the 20 Day Range MA for oil.

click on chart to enlarge

Onto the week mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas

OIL LOOKS TERRIBLE … TIME FOR A RALLY?

“Can the daily candlestick chart look any worse in oil!?”

Well, here we are in the 7th down day in a row in oil, and every single day of this,

the trade has tried to rally it first … DEAR SUCKERS: “early rallies will get sold,

and you’ll be forced out later … what you need to see is a decent break early, that

gets extended early in New York and then turns around … that’s the buy signal”.

And that’s when Vlad & the boys will be covering as well, but so far there’s

nothing to indicate that’s on the horizon, as the OPEC+ members continue to

pump more and more oil … pay attention to what they do, and ignore what they

say, cuz they’re all crooks and thieves looking to scam retail oil specs … getting

played by these assclowns is a never ending story by the vast trading oil public

… don’t be one of ‘em!

With China trade deal talks going nowhere, world economies slowing down no

matter what the chattering elites have to say, and production increasing, good

luck with anything but very short term long positions … cuz when the short

covering is over, it’s look out below. 

Blog post update on Sunday … Onto next week mi amigos … Onward & Upward!!

Have a great weekend everybody!

-vegas

THOSE PESKY RUSKIES!

“The oil rally that is!”

Well, seems the Ruskies, are pumping every last drop of oil they can get out of the

ground … wait, wut? … I thought everybody agreed to extended production cuts at

the latest OPEC meeting … bwahahahaha.

So, just another $2.50 drubbing to the downside, and I’m not sure “Thelma &

Louise” have hit bottom yet … I wonder where Vlad & the boys will cover their

shorts?

Onto tomorrow … until then mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas