Closed at $68.54. Above resistance.
$70 is next strong resistance.
Sentiment turning bullish, not overheated yet, so bullish bias on oil.
Gold is stagnant *curses*. I sense some very strong selling, even though money supply grew rapidly.
http://quote.bloomberg.com/apps/news?pid=10000006&sid=axhbXSnZb0R4&refer=home
Longs en guard. Media getting frivolous on oil again, sentiment getting high.
http://quote.bloomberg.com/apps/news?pid=10000006&sid=axhbXSnZb0R4&refer=home
Seems like the sentiment turned bullish. I'll be more cautious in my bullishness, perhaps neutral before it closes above $67.5-$68 decisively.
Hey I'm Chinese and I am/was bullish on oil :-p.
Anyways, do you hear the screaming? That's someone who shorted oil. Uhoh, that's a great Chinese New Year present for him :D. Red packets full of money for us, he pays the bill...
HMY closed at 14.95
KRY closed at 2.9
DROOY closed at 1.89
FNX closed at 12.52
OZN closed at 2.11
GOLD closed at 17.61
TGB closed at 1.52
Strong gains expected next week.
KRY cup and handle, I like it the best.
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Others:
Short LINE the new kid on the block.
Long MORN.
These have a...
Might as well call it the lemming effect.
Why not short on an intraday topping pattern? And set a tight stop.
Remember, never try to guess a peak. You'll burn yourself bad with that kinda crap.