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Crude Oil Prices Are Spiking Into Close/OPEX
WTI Crude futures are up almost 6%, spiking above $48.50 into the close and options expiration... no fundamental catalyst for now... Once again, crude futures have been 'spoofed' all day so this is hardly a surprise.
Back into the green on the week...
As futures are ramped into the close/OPEX...
and as goes oil so goes everything else...
Freight train rally takes Crude up 6.5% in the last 30 minutes, other futures/stock indexes follow: pic.twitter.com/xgQTrNP10X
— Eric Scott Hunsader (@nanexllc) January 14, 2015
as once again we see the machines hard at work "spoofing"...
Well this can't be more spoofing in Crude Oil, 'cause CME would have caught it by now $CL_F pic.twitter.com/ulvsNzTrjd
— Eric Scott Hunsader (@nanexllc) January 14, 2015
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Efficiency, bitchez.
squeeze
RAMPA-LAMPA-DING-DONG!
(Hey, at least it doesn't sound as immature and dumb as the markets are fake.)
Cost buku dorrahs just to hit the $48 stops.
PPT working furiously
My wife told me to go take my red gasoline canister to the fuel station and fill it up before the prices go back up. She doesn't trade and has very little interest in the markets - so if that's what she is thinking, then it could be that others are thinking the same thing.
I use military surplus steel jerry cans and rotate my stock twice a year. I put an ounce of PRI-G fuel stabilizer in each can ( I like PRI-G better than StabBil) before fueling.
The price here is below $2, so it was time to rotate the entire stock for sure. With all the EPA mandated crap in gasoline these days - make sure you use a stabilizer for long term storage, and even then rotate regularly.
I have a big tank called "investments," and whenever I need fuel I take a portion of the disbursements and go to the fuel store.
The investments always seem to be bigger, and safer than any fuel container I can imagine ...
Fuel containers can't be re-hypothecated though, so that may make them safer than any "investment".
What if 25% of my worth is in Large Fuel Container Corp, Inc.?
Then I would buy a plane ticket to China and inspect their warehouse to make sure that it's not just a PO BOX.
Using recent Zerohedge logic, this must mean that the good times are coming back.
"Yeah I make a lot of money. I don't know if you know anything about the stock market, baby, but if you do you'll appreciate this: I bought cardboard when it was 14 cents a tonne; it's up to 16 cents now. And I bought 3 tonnes of it so that's... uh, um, let's see... well, you figure it out. Also, I got this special deal where I only have to keep two tonnes of it at my house." Steve Martin
Looking good. Buy, buy!!!!
One of the best $$$ moves I've ever traded. #VPIN bitches.
With the drastic moves over the last month it is very likely someone big is already insolvent. It just has not been anounced yet.
It's all intraday with this bullshit going on.
And with such drastic moves in equities, bonds, forex and commodities every fucking day, those who are not yet insolvent, will be soon. Just imagine how some genius "investors" jumping on the short WTI bandwagon yesterday got squeezed today...
Blood in the streets. "Casino endgame".
If I were short oil at the close I would be boucoup pissed.
Long arbitrations at the CME.
'thing is.... right - only idiots expect honest markets. I am guessing that over the next few days we will continue to see a short squeeze. Stocks opex is this Friday.
Thar she BLOWS!!!
Oh, somebody fuckin' with the close for options expirations or sumptin'?
Whazzamatta? Somebody's writ some far outa da monies a while agos gettin'da fuck all squeezed?
Dat can hurt. I know. Been dere dundat
inconceivable
You keep on using that word. I do not think it means what you think it means.
http://i.kinja-img.com/gawker-media/image/upload/s--OoqbUnk8--/xm2jlldcu...
Algos gone wild.
So much for price discovery.
Algos with low self-esteem.
Shorts taking last minute profits.
I agree. That's short covering, not new buying.
Which dickheads have the margin? It'd be nice to put a serious case of crotch-rot on their ugly faces.
That was a pretty big spike, so I'm sure a lot of limit-up "sell" orders were hit and stopped out on the way up. Oil is so oversold I'm sure traders are keeping a tight lid on their exposure. (tight stops) That probably exacerbated the move as those stops were hit.
Yup. But they have to do it so fast - otherwise the little guy might make a few bucks in the market You could almost predict this when Goldman trashes oil Monday, then trashes it even more today. Don't be surprised if Goldman announces that the glut is over and they see $75 oil in the next few days.
response to the russian move?
Can't see the spoofing for the p0rn.
Physical demand rose by 6 per cent in the very last minutes. It's so simple!
Oh... I see
Somebody needs to just shoot this sick puppy.
They actually believe they have credibilty with this shit?
algos spoofed in merc's hair, her underwear, everywhere
Damn K-Hen is trying to push this shit green going full-retard. Pound VIX, pound long bonds, pound metals
The cocaine hangovers from the weekends take awhile to recover from....thus the Wed/Thurs monkeyhammering....then Friday is here again!
pipeline GS ordered to blow up in 3 ... 2 ...
Can somebody explain what is meant by "spoofed"? (serious question)
The generation of many orders just above or below the current prices, such that they influence the price to go up (or down) -- but they get withdrawn quickly such that they never get filled.
They could go to jail for spoofing.
that very much depends upon who "they" are
Not to worry, Maxine "this will cost the U.S. 170,000,000 jobs" Watters is on the case. She just chastised some HFT traders for spoofing. I'm sure she will soon launch a fool spoofing investigation into this oil pricing thing.
the sec already declared these ten to be above reproach:
http://www.zerohedge.com/news/2014-07-18/these-are-10-liquidity-providin...
and we all know citadel is HIGHLY connected so scratch them off the list too.
Thank you NoWayJose.
the generation of many orders that are entered and withdrawn very quickly so as not to be filled. it mimics actual trading and may induce other programs to buy or sell whatever the spoofers have going. it is also used to slow down the system enough to give the co-located servers an edge.
The difference between statistics and actual money.
"Looks like a trade, acts like a trade".... The goal is to attract real money though. Of course this is the oil market...not " chicken futures."
Thanks.
Crash in oil prices has become absurd. Probably some short covering... and, more importantly, FED just stated that oil is 'hurting the economy'; i.e., hurting the QE welfare profits (stock prices) of the elites. I would expect a persistent rally in the oil price, at this point... not that I'm placing any bets.
a fight to keep the bottom well above $40, if this goes 30's the weeping will be strenuous
Wasn't oil in 40's back on 07 or 08 BEFORE the market crashed and rose significantly while the markets crashed. Same thing going on here, yes? This really does look like it's 07-09 all over again but soooooooo much more meat on the bones for shorting equities.
Two VERY REAL possibilities - one is LONG LIVE THE KING with a new King in Saudi Arabia, and the other is that the Saudis have recognized how foolish this game is for themselves and are getting ready to call it off. All they are doing is pumping out more and more of their own oil and selling it at half price. Of course - Goldman changing their mind and going long would also do the trick.
90 year old King Abdullah has been in the hospital with pneumonia, and did not give their version of the state of the union speech. Also, several (as in more than one) Saudi Prince/Minister are publicly questioning the oil strategy.
How can they sell it at "half price" if they don't even know the real price? None of us know the real price because oil has been financialized to the detriment of those who use it the most.
The price of oil/gas is basically unknown because it's traded like playing cards.
Theory:
Saudis know Addullahs death is gonna cause problems:
http://hikinghubbertspeak.blogspot.com/2015/01/paging-sarah-t-hughesyour...
Pump, pump, pump that stock bubble...liftathon in progress!
Je suis petrol
Pheeew! Bout time for a turn around, now we can get back to $100.00 where it belongs!
Problem solved! Turn the truck around, back to work frackers!
OT
I think Jamie Dimon should just go and hang himself tonight
That stated desire is never OT. Also applies to all politicians, Yellen, Krugman, Bernanke, Blankfein, ad.infin.
YELLEN
That's unpossible!
OIH and XLE and most of its components are still down quite a bit -- this spike is not real unless those rebound too.
What? It's stopped? They didn't make green??
Oh nooooooo, Bill....!!!!
Makes total sense.
We spiked some barrels.
Markets can crash.
Why would an oil company hedge? Is there less oil coming out of the ground?
Why would an oil company hedge?
To lock in a realistic price, ,some oil copanies knew oil was overvalued at $100+, SO THEY LOCKED IN FUTURE PRICE AT $90
I say the indexes go green by the end of the day. only 177 to go... half way there, and we haven't even had the 3:30 ramp.
I knew this would happen!! Too predictable.
Oil 50 bucks of highs...S&P barely 50 off the highs....
All the hallmarks of a fixed centrally planned market with a PERPETUAL upside bias going on 5 years...now that everyone knows the Fed and Central Banks buy futures you would think that would crumble market...hasn't..
All shorts expect sodomy at this point..and all Bulls feel immune because of this known fact...recipe for eventuality breaking a lot of hearts be it next month or 7 years from now.
Catalyst = Obama told Yellen to get to work.
I bought six gallons of gas around 2:00 ET. That had to be it.
Option exp.... Nothing more. Most likely slump back down by tomorrow..
Feb 2015 LOG15 24 Nov 2009 14 Jan 2015 14 Jan 2015
LOH15 expires on the 17th of Feb so look for similar action ( and play it).
I’m waiting for Prince Ali bin Allthetimesmokinweed to come back and tell Maria Bartiromo this was due to a sudden demand surge….you know, all those consumers who didn’t spend in December because they wanted ten tanks of gas instead of a new iPad are now taking advantage of the after Christmas sale in oil…..or some such bullshit.
3,2,1 before more Saudi jawboing.
I have had the number of $45 being the bottom, just a guess of where it will fall to before turning and today's impressive pop, I bought some UCO at $8.19. I'd love to see a nice pop in oil.
In the new age (the age after the hollow men) there will be no futures trading and no 'financial instruments' allowed. Anyone who tries to create a new one (a la Milken and Bosce (sp)) will be hung from a light pole on Wall and Broadway...