CL Redux

Quote from schizo:

I dunno which leads which. As far as I know, it don't matter one bit. Back in 2008, they moved in the opposite direction. Apparently, the morons running the equity market thought the high oil prices would kill the stocks. In 2009, the idiots in the oil market belatedly realized that oil prices are directly tied to consumer spending. Hence the ensuing "you scratch my back, I'll scratch yours" routine.

Now we're on the verge of falling into depression. So my feeling is that these two dumbass don't get along very well. They seem to be saying, who the hell cares? Like I said, it don't matter one bit.
More...

I hear ya, they trade together til they don't. One leads one day, maybe, and then the other leads, then...they're hanging out on opposite sides of the party.
 
Quote from mrbochin23:


VAlue Area for today:

VAH 74.32
VAL 72.29

This morning it show a lot of support in VAL, as for now we are inside the Value Area which suggest we are in balance.

Good luck to everyone.
More...

So Resistance at 74.32

Thank you for posting these levels.
 
Quote from bearmountain:

So Resistance at 74.32

Thank you for posting these levels.
More...

yes I am looking for the 30 min bar to close inside the Value Area, if it does I will go short at 74.32. It will be my only trade for the day.
 
Quote from schizo:

Just a quick update:

Still short. Plan on holding this baby until we hit 68-ish as I've said in the past. Let her rip, errr, I mean die.
More...

Hopefully lunch brings some respite for bears, but daily looks to bullish to be short no?
 
You must log in or register to reply here.
Back
Top