CL Redux

-- yes gold , silver big down sure makes these big funds liquidate some OIL ..

-- also our 2010 MAY similarities to this 2011 MAY , in 2010 seems MAY/JUNE market dropped 12% after TOP ...

even for weakness our big guys might have tries to PUMP to 113.50 level for brief time then DUMP , but seems too many SELL orders .. they may not able to push up ..

let us see

ADD: P , your shown Channel 112.40 to 112.75 worked long time today

Quote from Picaso:

If I may chime in...

There's re-allocation of funds from commodities to equities, problem is that the fall in commodities also brings down some resources stocks.

Remember Goldman and JP Morgan's short calls

Silver down 5% for the day

Euro is near HOD, but almost unchanged
More...
 
Mini market correction/pullback especially on NASDAQ and CL of course too.

Good call. You could feel the selling pressure.

Quote from DonCorleone:

selloff coming?
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Quote from BCE:


Good call. You could feel the selling pressure.
More...

thanks. what i thought was inverted hns didnt breakout to the upside. so i figure people that saw the same would probably bail.
 
Quote from DonCorleone:

thanks. what i thought was inverted hns didnt breakout to the upside. so i figure people that saw the same would probably bail.
More...
Market's had such a bull run maybe it needs a breather. So far they're selling into a lot of the rally attempts. May is usually a down month for some reason.

ADD Will we rebound or have one big end of day selloff? Stay tuned.
 
Not the day for late entries chasing rallies. You'll get hammered.

Especially on silver which I decided is too volatile for me right now.

1:18p

BREAKING

Losses mount for silver futures, down 7%
 
Wow! Serious selling.

# 1:48p

BREAKING

Silver futures off 9.5% as settlement approaches
# 8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3079841:47p

BREAKING

Gold settles 1.1% lower at $1,540.40 an ounce
 
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