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Welcome to #OOTTNews.com, these pages have been built to provide you with much of the web based information I find useful for trading oil. They are also part of an on going project in conjunction with Traders Community. In the long run our goal is to build a cohesive sharing community and compensate those that share for their time and energy. Here is a link to the BBG Oil Buyer's Guide, tons of up to date info: Oil Buyer's GuideThank you and enjoy!

Wednesday's Stats

High: 44.20
Low: 42.05
Close: 42.53

Daily Pivot Points

R2: 45.13
R1: 43.81
PP: 42.93
S1: 41.66
S2: 40.78

Major Daily Events Thursday

Initial Jobless Claims
Car Sales
Fed Speak

@HeidsterTrades Daily Commentary - 6/22/2017

Good Morning, oil prices are flat at the moment. Had a decent drop yesterday after an EIA report that did not look all thaaaaaaat bad. Now that OPEC has torched themselves for a bit, sentiment has been pretty negative since they were the ones propping up the market since the low spring 2016. Rumor has it some Nation sized hedging has not yet been finished either, that could be playing a large role in the sell recent patterns. Other than that even the news seems to be at the beach at the moment. Targets to the upside are; 43.12, 43.66, 44.26 and 44.46. To the downside; 42.24, 42.04, 41.63 and 41.44. Have a great day!!!!!!!!!!!!!

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