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I'm looking for a bounce to the 1110 area, then a resumption of the recent decline heading toward the 200, bottoming out around 1040. I think the lack of topline revenue growth, along with some of the other factors, is going to result in a little bit more significant decline. I'm pretty much...

Totally agree with that sentiment, but given the current supply/demand picture, it just would seem surprising for CL to start trending up with no ES support. Of course, CL has had ridiculously bullish tendencies for pretty much 3 years, so I'm probably wrong and thats also why i'm swing long...

I'm going to go with a low of 1065 on the ES as the low, with a bounce on Monday and maybe Tuesday. I dont see a catalyst at this point for it to break the early November low.

Well, my fear exactly about 1070 on the ES = 69 CL. And at this point, i expect further ES downside, possibly as low as 1050 (probably the lower extreme). Listen, and trust me on this, the "good" earnings are pretty much out of the way. Wait till all the consumer discretionary...

Funnily enough I saw this whole decline coming....literally almost point for point and ever since late December. I even called it pretty much to the point-high on here a few weeks ago in a thread or two. I even drew up a battle plan, as i was looking forward to this whole situation. First...

I only have two lots. My average price on the two is 74.70, or something near there... I also am hedging at this point with some USO puts. If this SOB touches 70, i will pick up two more. Thats about the most i can handle swing trading without my heart exploding. I'll hedge...

They tried to shake me loose right there. Almost got me too.

I like your confidence. I sure hope so. I plan to catch the bottom and stack contracts to the gills, and then ride it back to $82. Thats the plan, anyway.

Long 74.75 Thinking about staying long.

Usually the market is inscrutable, but every so often it just gets damn obvious what is going to happen. I'm looking for a max bottom near 1080 sometime next week. I doubt we'll get below that.

Long 1 lot at 75.80 Going to stop scalping for the time being and start building a long swing position. I shall buy one lot for each additional dollar it drops, and if she hits 70, i'll hedge the whole damn thing. I will be shocked if oil does not recover by march.

out 76.75

Short 76.85 Also missed by a tick....next time i will not put it right on 00

Well that was exciting as all get out. Much more of this and i will recoup all my 2009 CL losses. Flat for the moment, looking to short again around 77. Anyone have guesses for where we see this finally bottom? I'm thinking 72...

Closed my swing trade at 77.59. Going to try to reopen it at 78.10....feel better about the R/R at that level. we'll see if it gets there this afternoon

This is more of a swing trade for me...im expecting more selling pressure this afternoon and tomorrow morning...both before and after the reports. I would have liked to have gotten short a little nearer 78, but i got impatient. I'm looking for a couple of dollars to the downside from here.

short 77.6 stop 78.6 target 76 Lets burn this SOB down.

awesome spike out

short 77.85 SL 78.05

Plus i have been getting killed going countertrend crude the last few months