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Downward trendline broken. Hit a buystop in clj. long 7578

I agree about the euro but its been falling for awhile and oil seems to have detact from it. Right now everything seems torn, we get big selloffs then buying steps in. So I guess who runs out of money first will determine which way the markets going to go.:confused:

So when I was asking ealier on Friday if old trendline were of any use. The answer is yes they are. Fridays low was the trendline from 7/13 - 12/14 Anyone have a bias for this week?

Im seeing that the trendline that was broken 2/5 was support today. I think im done for the day, this market has no clear trend in my eyes. Least I made money 2day

Bailed my short

Anyone know the whole report? Build or draw in rbob and ho?

Whats everyones take on old trendlines? Do you guys still look at them as being support?

With the market moving up 6$ so far this week I would think the 75put would be at .85 if there was strong conviction that we are going to move higher. Good example was last Friday I bought 70$ puts for .90 before the market broke lower. After the market broke lower I sold them for 1.65.. If I...

Might hedge out calls at the close

There are more longs than shorts to hurt today. So its gonna sell and im not gonna cover till next week

Full weekly retracement. We have taken out all the supports already. Last one was 7345

Inventory is today at 11am est

Still carrying shorts from yesterday. Looks like the trendline held

Bit tight. People do similar but with a wider spread. Such as 72p 77c

With the market moving up 6$ so far this week I would think the 75put would be at .85 if there was strong conviction that we are going to move higher. Good example was last Friday I bought 70$ puts for .90 before the market broke lower. After the market broke lower I sold them for 1.65.. If I...

CL. I was going to buy 75puts at the close but they were at 1.10 They expire in 11 days I believe. 74puts were .85 .. Lotta premium for 11days

Has anyone looked at the put premium? Kinda high

Crude oil is pipelined to refineries. Not over the road. If people cannot drive then less gasoline is used. That means more gasoline sitting at refineries; heating oil too.

The storm has stopped people from driving and stopped heating oil deliveries

BS Day? Forgot who to blame:) Will be working a swing short assuming 7590 isn't broken. I need a eia report to smack this thing down