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It appears I have joined you by way of a buy stop order :D

I've drilled down to the 1-min chart to find opportunities in this range. I see the 6E is moving, maybe time to switch...

87.08 would be about 50% retracement of the full range and also right about the upper channel line if it makes it that far.

Ugly, indeed. I've had 6 trades all within a 52-tick range :eek: ADD: There is a clean channel to work with...so far.

Consumer confidence in 15 mins

You know if this 86.78 R holds and price then breaks that TL, 85.25 would be a measured move down. But it seems too low to go lower :p :p

If the daily TL breaks, I'm seeing at least 85.60

Keltner manufactures "chart spaghetti " :p I agree, 86.50 has a nice ring to it.

I have a TL touch almost to the tick on my daily chart from the overnight session. There doesn't seem to be a lot of buying exuberance there, though. NYMEX open will tell.

Several folks are swinging longs here. Is this based on the lower Keltner line touch? My daily trend line is still below 87.00, but price is hanging out at the Keltner 2 dev lower line on the daily, and only made a very mild overshoot last time around Thanksgiving.

That's great, Schiz. You pretty much gave us a clinic in swing trading this thing!

On most days CL offers many swings to trade in and out of, with reasonable profit targets 2 or more times the risk. I think for us small retail traders, there are way more opportunities trading CL than ES.

Excuse me!!! Where are all my friends who are supposed to prevent me from thinking while trading??? ADD: For that call I borrowed oraclewizard's magic indicator that predicts the future :p

I agree and normally would consider .94 a buy zone, but the close scares me either direction here.

Come on, bid it up just so we can see if all that size on the Ask is real!

The 89.25 level is a double whammy of previous R and earlier S becoming R. Tough nut to crack, but a stop run would be nice.

So if still in the trade now, 3-min trail is @ .11, 5-min trail is @ .08, and looking for at least a stop run of that previous R.

I trail the 3- or 5-min bars as they close, looking for price to break each previous R level. This one made it all the way to 11:05am ET bar level so far. Now if it can't break out that level, could be a decent short signal, but we're coming into NYMEX final 30 minutes when all manner of hijinx...

So we feel sorry for you and send you money? :p I tried posting earlier, but was unable to because it was too soon after my other post, but when price broke .79 on your long trade, it's likely to try for next resistance. I'd start trailing a stop under the 5-min bars at that point to try and...

I didn't think you was crazy, Schizzie :D