Flat on the cl now. Bought last one at 8034. If anyone is trying to go long watch 7980. Im going to lunch and im wondering how many stops are at 7980-8000. Plus having flashbacks to last time we had a day like this, burned 20k
Down to one contract. Since last post covered more at 8105 and 8095
.. Ending up rolling into a es short at 1119.25
To me it looks like its everything is going to crater today.
Thanks, to top it off I was long 20 es weekly puts. Closed half of those to make the balance free. See how the indexes look at 10am.
Im starting to scale out the cl trade; closed one at 8085 and reshorted at 8125
The daily limit was moved from 30 to 60 today. If today closes limit up then it will move to 90limit then 120 day after. If your dying to short it wait till the limit goes to 120. My opinion is that wheat is the thinest market and is easily moved limit up or down.