CL Redux

[bridenour]

INto the 78's maybe i will get to close this SCO position tomorrow as planned.


The market has the overall stench of a major selloff.

Thats right.

 

[saliva]

Quote from Speciaul_K:

Yesterdays bounch was off the 50day MA when using a continuous chart on tradestation

I can't comment on that since I don't use any squigglies. But I'm largely uncommitted to either direction unless one of the two things happen. A breakdown below yesterday low would trigger the short order and a breakout above yesterday's high would kick in the long order. Having said that, I do think we'll get a slight run up from here, however brief.

 

[Speciaul_K]

Quote from saliva:

I can't comment on that since I don't use any squigglies. But I'm largely uncommitted to either direction unless one of the two things happen. A breakdown below yesterday low would trigger the short order and a breakout above yesterday's high would kick in the long order. Having said that, I do think we'll get a slight run up from here, however brief.

The support is something different every day, could have been a combination of the 2. Im playing short for Fri and part of next week. Then looking to go long later next week. I try to keep it light on contract expiration week though.
You have the better approach though. No bias.

 

[bridenour]

Closed all my short oil positions. Flat for the time being.

 

[bridenour]

Long 78.60

Stop 78

 

[saliva]

Long 78.20
SL 77.98

 

[lexcorp]

long 78.30

 

[EON Kid]

CL is still so weak, I think it will test 78 during the afternoon.

 

[saliva]

When lex sez LONG, ya better take notice!

Good to see we're on the same side for once.

 

[saliva]

Quote from EON Kid:

CL is still so weak, I think it will test 78 during the afternoon.

She's having hard time getting off her ass, but I'm hopeful that we'll test 79. There's this trendline right above her head. Once that is shattered, the coast should be clear.