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What do you think caused the gap down? It was the sudden rush to dump longs after OPEC announcement, which is bullshit no matter what they said. Oil belongs in the 20s but that is neither here nor there.

well they figured it closed back up again, thinking the so called big boys still had the over 50.00 plan in sight.

long over the weekend and are praying for 45.00 to get out, they might get answered, but the question is how much pain do you endure? Or stop out here and buy in later if you are sure it will hit 45.00! This is the psychological trap we all get into. Market knows this and will cause more...

Plenty of longs trapped who are liquidating now, much more so than shorts as they were chasing the 50.00 with certainty, that is why we are going to be down over 4.00 over night. What goes up this quick comes down even harder!

Holding 3 short now to get more comfortable

On the next leg down some selling should accelarate, this thing is very evil though and have my hand on the trigger. I am pretty sure there wil be quite a bit of long liquidation in the next two hours or so before the open.

4 contracts 40.00 a tick, short from 44.64 holding still have to ride winners the way I ride the losers!! My target is 42.60s

Flynn from Alaron is still short has a stop at 51.00.

I do think that 46 area is important to hold because if it takes out 50 its probably going to 55-57 range after that.

CL could barely take out 48 about an hour ago, dropped over a dollar in fifteen minutes, that has to say something.

50 looks to obvious and everyone seems to think buy dips I say do the opposite.

letting it ride here als. 36 and then some here we go!

longing one here myself right now. Its already 30 points of off the low and I feel we creep higher before the New York open.

we are due for a spike of anywhere between 36-dollars soon. Best way to catch it is just constantly watch it, you will know when it makes the run. Shorting it is not as easy as it looks.

It use to be until it taught me a lesson. I now only keep 10k in my account at all times it keeps in check and it seems i make more money with that amount. I got to comfortable trading with over 50k in there. I pretty much just scalp it now make a bit on a daily basis and that is it. I don't...

I think we see 35 before 33, its just to easy. If I knew for sure I would short ten contracts right now at a 100.00 a tick. I feel we test highs for tonight but then I just might watch it being a Friday and where it closes so I can decide what to do Sunday Night/Monday. This point not tempted...

or around low 35s if it goes there early. For a major wash out to the downside towards the end of the day if it gets there. but usually CL never just goes straight down and IM thinking the closer to the open we get we might see higher prices from here.

was short just covered for about 25 ticks. Flat now and just watching. I will probably wait to see what it does to the high of today and how it looks in that area, possibly for a short if we have one major wash out to the downside. If it can stay above 35 for a bit might play it long, this...

Well I lost a little over 2500 yesterday and I never trade with more than 10k in my futures account and its CL only. I have done some amazing things trading this product and not so amazing things this past year. I can tell you that there is a rebound on the way but I believe there may be a...

Lots of stops at Fridays low, CL is very much like forex when it comes to stop hunting, and for those who doesnt think it exists well I wont try and convince you otherwise.