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If they cant break into 8020 2day it could be over for them. If they do they need to break the 8078 high from 2weeks ago. It look to me yesterday that some of the bulls were giving up

Should be selling

What I see 2day support 7740-7710 resistance 7970-8010

This is very true. I have about 1/4 the friends I used to have. Not anything of my own doing but their wives would get pissed to see the nice things me and my wife could have on a whim. Pretty sad but the truth is you cannot have friends that are not as wealthy as you are.

Also the last support for today is 7800-7810

Assuming pit closes within .30 of the low. I blew the trade oppertunity. went short 7938. Cover are you ready:p 7926 .. A cool .12 profit.

Resistance sun-mon 8038-8048 Beyond that im out

Closed somemore of my shorts today. Holding -2 over the weekend. If 8080 is not broken Sunday night will short further. Im little concerned that there could be a popup from the ny snowstorm

Get your tinfoil hats

Ny snowstorm.

I think you are correct in saying that you need to go smaller size. Trading oil is very humbling, the one thing you are missing is the technicals in the oil trade. You might want to learn trendline drawing. Oil relies on these quite a bit, and that is what happend yesterday causing the big fall...

CL should get a small bounce from the 7600-7650 area. Reason is bloomberg is saying it will hit 7610 and another report I follow is calling 7650. So there are 2 buys in that area so it could get a decent bounce.

Possibly, im on vacation so im riding this position till next week. We should see 7600-7650 today, tommorow

Covered part at 7709 Will cover part 2 at 7660 area. Thanks BP:p

None of the above, I'll just use a stoploss

Man im still trapped in my 6-10lot short. There is not enough liquidity in this cl to bail out. Oh well I just take a 50k loss then start some threads about it

Im not worried. I know when ill get out, it will just take a week to make the loss back.

Here are today-tommorow resistance: 8080 8115-8135 8170-8190 Still short, especially since bp is bullish

CPI numbers tommorow morning. I think he did it to to put a lid on commodity prices. He must agree with everyone else around here that oil prices should not be as high as they are right now. As of right now march and april contracts have not broken support yet. Here are my numbers: clh10...

Just pm'd you. Let me know what you think