CL holding at $132.97 currently at 9:17AM San Diego time May 26th...
Memorial Day Bar-B-Q
again...I am so BEARISH on Oil...really looking for the huge tank this week...hmmm...by this Friday?...could it settle under $130.00?..I say very likely
the reasons are here:
with more money to trader:
1-do not trade scared
2-with less money always afraid of losing money
3-trade more on the offensive and not on the defensive..
my thoughts are that once this 5 day moving average is broken heading 'down'...look for Oil to freefall 'down' and this number become resistance...
CME Globex CL 5-Day Moving Average 131.54
great article hear that talks about the most likely upcoming huge Oil price correction:
http://news.yahoo.com/s/ap/oil_prices;_ylt=As9tyi5tQQVAr0JPz0wO7eaAsnsA
look forward to your journal...questions:
1-how many YM contacts do you trade per trade?ever go "all in and all out"
2-how many ER2 contracts do you trade per trade?ever go "all in and all out"?
3-how many YM trades per day?
4-how many ER2 trades per day?
...I also trade the YM at $300...
who is EW?...also, great post!!!...I agree with you..."A violent crash is on the way"...like, Nasdaq in 2000, Dow since last year, Wheat, Soybeans, Gold, Euro compared to its peak etc...
thanks bobbymak880...hey, please make NO short CL or long CL trade based on this thread or my comments or any ones else comments...these are my thoughts and opinions only...I will be looking for shorting opportunities in CL and Brent crude come this Tuesday morning...will not trade CL or Brent...