Got a serious cold wave sweeping down across the country. Suppose to get to 10 degrees here in Carolina tomorrow nite. If this doesn't help firm it up I'm going to give up on it.

USD an animal. It may never pull back, lol.  Broke the low of yesterday's candle, but was just a bear trap. Dropped .07 and then has proceeded to bounce back up .40 to within .20 of yesterday's high so far. I'm short with a real tight stop at yesterdays VAH at 91.815

Oil hit 48.47  I'm long from 48.57, we'll see what happens

49.45 at the moment

Getting bounce off 49.32

Down to 51.76 - USD had huge gap up on open but has pulled back some now which is helping gold some.

Natgas looks like may be perking up some. Huge cold wave sweeping across country, so may give some support.

Steve, May want to check. Newsletter link that just came by email is last weeks.

Traveling today, so don't have access to all my charts, could you post if you see any short term patterns, Thanks,Rick

Going nowhere but down so far. Naz looks like strong index today

Obviously down a lot and somewhere in high 40's where TL is would/could be a possible short term bounce point. But typically most commodities don't make V shaped bottoms and oil supply situation typically gets worse in Spring (less demand), Though we may have some bounces, I personally think we'll have a fairly long consolidation pattern before we see a major trend change. Also, typically most times when you have a major sell off like oil has had, even if it bounces pretty hard, typically you'll get a back test that will often undercut prior lows.

Don't forget we have oil inventory numbers at 10:30 today and Natgas numbers at 12

Went ahead and took small position at 79.50 based on fact I like the pattern and it's sitting right on my cp and 15min 50,. Little worried we may get some weird spike at 8:30 since we have job numbers.

Brent making new lows here this am trading around 56. WTI trading around 53. Something has to give. Normal spread about $5 and has been holding $4.50 pretty consistently past week. Spread now right at $3. If you have access can go long Brent and short WTI for a return to normal spread. Last time I posted this was worth an easy win within a couple of days. 

You thinking of buying here at CP or waiting for breakout?

Been watching myself past hour or so. Dow futures too

UCO is based on 2X the actual futures price of oil, performance has nothing to do with tax selling. You probably don't want to be anywhere near UCO, unless you're short, until you think oil has bottomed. It's done exactly what it was designed to do.

XLE is a stock based ETF, XOM, CVX, SLB, etc. 

Brent down $2 since they posted this this morning

http://www.cnbc.com/id/102298962