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weekly update Oil is longer with15k more longs & 9k more shorts Gas is slightly less short with 17k fewer longs & 19k shorts covering Storage looks like it might get to 3.6. If not, darn close by the EOM ( 3 reports to go ) Looking at some weather predictions ( guesses ) , there may be another 1 or 2 injections after Nov 1. That's kind of a big deal because you replace a S-M withdrawal with a S-M injection & the net difference is a large +.Withdrawal season is 22 weeks. Take a couple of those weeks away can change things. I'm seeing projections for end of winter. At this point, those are nothing but WAGs. Rob stresses that his numbers are projections NOT predictions but some people....... I bought 20 Nov $13 CVE calls for 2 bits to play the 3Q call. Plan to add ( a bunch )more if the right opportunity comes along. I did the same thing for 2Q and got busted xoil is nothing if not stubborn.
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Msg # | Subject | Author | Recs | Date Posted |
6107 | Re: weekly update | birdog40 | 1 | 10/16/2021 1:44:29 PM |