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Spanish do you use X trader to trade? X trader is intuitive and looks like it has a nice bid to it just watching the platform by itself with no charts, stop out before your 53.79 like now or real soon save yourself some money. Just trying to help because you will be stopped shortly.

I missed quite a few trades today so it is easier to be objective with no position guys, hope it works out for both of you who are short. I know it will it is just a matter of time. I strongly believe they are going after the high of 54.00 and then some maybe within an hour or so.

My first sell target for one lot is set for 54.36. If this breaks 54.00 over night I expect a bit of an explosion thats where Ill throw in one lot short.

If this sells off it will sell off at the eod of the NY session, this over night Euro session is the easiest to manipulate for those pushing higher prices, sometimes during these times charts go out the window.

Be careful selling here I feel resistance will be taken out real soon at .72 This is going to run to 55.00 and some change before we head lower.

I am looking to sell this in the 54.00 range for a scalp whether in this session or NY, looks like it will try for it here as the high so far is 53.72

you got it going lower good thing I was on the sidelines

Another trade could be buy one lot in this area with a stop at around 52.80 I know it looks really risky here but it could fake out. Here we are at the lows though!

Im watching your line now to see if we break below 53.00 then I ll do something one way or the other. If it does not break it I might jump in a long, it all depends what it does in the next half hour or so.

I think it will go back down to the 45.00 range as it is over extended but the moves are violent and a test of past 55-56 might just do the trick, either way just scalping here for the time being and do not really care where it goes. Like I said it does seem weak now and you should hit your...

Thats another scenario I see is running it up to like 53.90 than bamm sell it down and make a new low. That I have seen literally hundreds of times on the CL as a major mindfucker.

I hope you get the 52.90, I am not liking it and am thinking a run up of past 54.00 to take out that resistance. We might get that drop towards NY close. Sidelined now and hope you get your target in an hour or so. I just was not comfortable with the movement and the way it is just sitting here...

First off oil had no business being that high, and it was proven that it was just speculating. when goldman gave their long term target of $200.00 at 140.00 citing demand and a miriad of other bullshit such as chin etc, it suddenly imploded down to these levels. What did Goldman then do? Issue a...

And yes as 48.00 is resistance and there are lots of traders who would leave stops there after it got knocked down from that area the last few days. Just my two cents.

Also I feel if we break above 47.30 this next leg up it should go to take out 48.00. The market is aware of the small short retail traders such as ourselves.

I do not know how high but there are some obvious stops at 48.00 right now.

I believe this drop is a fake out and it is going back up to maybe over 49.00 sometime today. Just looking at it and even though it dropped it was not convincing.

All that is propoganda by wallstreet and the arabs to keep the prices high etc. Plenty of oil out there, also plenty of technlogy out there for fuel efficient cars etc. Although I would not give up my 06 Mustang GT with 300 hp no matter how gas prices are. As that is tree hugging BS.

It has already been established that there is plenty of oil for the next 10,000 years. It has been refining capacity that has been the issue. So either build more refinaries or look for alternatives cheaper methods. Plenty of oil out there and this has been well established and discussed in a...

Flynn at Alaron trading has a longer term target in the high 20s on the next move down. I know some guys that trade with him and he has been spot on on these longer term calls. I believe we will stay in the 30s longer next round.