CL Redux

NoDoji · Jan 20, 2011

5-min chart, flat 20 EMA, 89.55 previous support. Watch for resistance there. OK, done thinkin' now, back to tradin'

BCE · Jan 20, 2011

Quote from schizo:

Half out 89.37

Great! WTG.

Nice trading everyone.

And Star, hope you find your way out if you haven't.

BTW, the most recent low was on 1/7 = 88.45.

EON Kid · Jan 20, 2011

Quote from schizo:

Half out 89.37

Awesome!

Picaso · Jan 20, 2011

Quote from schizo:

Half out 89.37

schizo · Jan 20, 2011

Quote from Picaso:

LOL. That's exactly how I feel. I'm in a slash-and-burn mode.

NoDoji · Jan 20, 2011

Quote from NoDoji:

89.55 previous support. Watch for resistance there.

There's only one explanation for this kind of technical precision: Bots

:eek:

Picaso · Jan 20, 2011

Quote from NoDoji:

There's only one explanation for this kind of technical precision: Bots

:eek:

Let RoboNod loose on those suckers and give them hell! :eek:

kingjelly · Jan 20, 2011

Hi Guys,

I have a question about how you guys handle longer term support and resistance on CL and any contract that rolls over frequently like monthly. My charting platform has added the ability to create your own continuous contract. It has several different methods to back adjust the previous contracts (difference, ratio, no adjustment). When you look back into previous contracts do you use the actual price it was at as S/R or some kind of adjustment ?

Thanks,

Preston

NoDoji · Jan 20, 2011

I look at the S/R levels on the current contract's daily chart.

For today my S notes were:

S: 91.10 (also 20-day EMA), 90.26, 89.28, 88.45

schizo · Jan 20, 2011

Quote from schizo:

Half out 89.37

Adding back @ 89.72

CL Redux

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