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Damn thing has stalled again. So typical with oil these days. We go down by .50 cents and it stalls and then goes up by $1-$2 in 10 min.

I don't if we can get up that high, cuz if we rally above the uptrend line, which is around 53.00, that would be a strong bullish signal.

We just broke the uptrend support line :)

I just shorted again at 53.025 dont want to miss the down move that i've been waiting for several days

I posted a chart on page 932. I think we'll break the up channel that started on 3/14

I'll be so mad if this drops like a rock now, cuz that would mean I got stopped out at the top and missed the move down

Aggggh, got stopped out. Wasn't much though, just -$179.

I don't know, you might be right on waiting. cuz its rallying again. This damn thing just doesn't want to come down

I hope it doesn't pull that much though, cuz if it does, I'll get stopped out since i have it set at 53.50 Looking to exit around 51.80-52.20 area Might change target if things change though.

Here is what I am looking at. We have this uptrend channel that started back in 3/14 and we haven't violated it so far. I think today will be the day that we'll get a pullback and break this line. 1st support bellow I see at 52.50 and the next one at 51.70 and a major one at 50.60ish

Just went short 1 QM @ 53.15 I think today will finally be a down day. We haven't had one for a while

:D This should get the cartoon of the year award!

I just exited @ 51.90 with $140 profit I am going to stop for today. None of these trades are working for me.

Yeah this market sucks. It stalls a lot and just sits there. Very choppy.

QM is mini sized CL CL = 1000 barrels QM = 500 barrels both trade on Nymex

I am trading may QM

I just went short again at 52.20

got out @ 52.15 with $195 profit the market is keep turning away from my positions, so I am closing early to lock in some profits

Just went short 1 QM @ 52.55

damn market is choppy i don't see any moves to trade on