CL Redux

Quote from DonCorleone:

hope you guys had a good day. funny how a split second decision can make or break a good day. :mad: :( :) :p :cool:

It wasn't a good day, i became v impatient and exited at b/e that long at 70 and then reentered at 95. Pathetic.

Just now added at 40 and exited at 50.

Lost my nerve somewhat probably due to the losses earlier.
 
Quote from Visaria:

It wasn't a good day, i became v impatient and exited at b/e that long at 70 and then reentered at 95. Pathetic.

Just now added at 40 and exited at 50.

Lost my nerve somewhat probably due to the losses earlier.

same here. had about 3 scratch trades between 91.60-.70. exited at .03 so i can at least have some lunch money. i was kinda happy until it really ripped. now i feel like poking my eyes out. :D
 
crude #s 10:30 & SPR auction tomorrow at 1pm cyall


http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6229240

Buyers of SPR crude may not send it overseas: DOE

Washington (Platts)--28Jun2011/1222 pm EDT/1622 GMT



Buyers of crude from the upcoming release of stocks from the US Strategic Petroleum Reserve may not sell the oil overseas without both an export license and a promise to return an equal amount of refined products, the Department of Energy reminded potential buyers Tuesday.

The auction for 30 million barrels of light sweet crude starts at 1 p.m. CDT on Wednesday, with deliveries occurring between August 1-31.

While DOE fielded questions about the process Tuesday, one potential bidder asked whether an earlier waiver of the Jones Act allows buyers to sell the stockpiled crude to Latin America, China or elsewhere overseas.
 
Quote from BCE:

Quoting NoDoji (One of my favorites :)) "No, CL lives in a cave far from civilization. It answers to no index!" :)

Ha ha, I remember that! I don't even look at the market action anymore, it interferes with my crude reality :p

DonCorleone, that .10 R shook me out of my long @ .02, shook out the guy I was Skyping with, too. The important thing is to get back in for the breakout if .10 breaks.
 
Quote from Visaria:

major resistance at 40, if it breaks could explode
Made $700 today, but left another $600 on the table on that last break above 92.40. Oh, well. Was thinking of "major resistance" rather than "could explode". :D

Quote from NoDoji:

"my crude reality" :p
We like this expression. I may use it at my next party attendance or maybe I'll create a bumper sticker. :p
 
Quote from NoDoji:

DonCorleone, that .10 R shook me out of my long @ .02, shook out the guy I was Skyping with, too. The important thing is to get back in for the breakout if .10 breaks.

by that time i was juiced out. looking at my trade log i had about 5 scratch trades total between 11:40am ET and 1:20pm ET. the whole time CL was stuck under 92.10 i told myself to hold my long from .61 unless Visaria's long entry at .95 gets taken out but my patience wore thin. :( :mad:

add: i sure feel like someone who went for a cheap burger when he coulda had a nice juicy steak.
 
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