so today like most days is just one big algo being implemented via the dollar might as well just be trading the s&p same damn chart pattern
CL Redux
- Thread starter schizo
- Start date
bang the close; got to make those shorts pay the worst possible price to close out positions
New post: "I am no longer a Silver bear -- CFTC COT data in major buy territory."
http://peterlbrandt.com/cftc-cot-data-in-major-buy-territory-for-silver/
actually EON silver and gold just got a piggyback on cl`s move yesterday, and a little short covering rally, lots of bears are going to come in and short gold and silver on any rally.
copper there has been some talk of 8 month lows in inventory, but there is plenty of copper, and it sold off rather easily from 3.38ish with a bullish equities, so if tapering comes in copper could break 3.00 when equities fall.
Oil is in basically entering the strong part of the season for demand for products, and with equities so robust, we get a bid at 92, if you back at this year`s chart in oil 92 has provided a nice bounce area several times for a pivot trade.
but for the year 86 on a gold liquidation event and 98 several times, oil has had a relatively tight range.
the players are doing the best they can do to save some vol, but it is shrinking with loads of supply on the market. Most of the selling is for technical reasons, general asset selloffs, rollover on important months, front running bad inventory reports, etc.
But it takes some creative effort to maintain the $2 daily range in cl, when they could just as easily peg cl to 93 and call it a day!
copper there has been some talk of 8 month lows in inventory, but there is plenty of copper, and it sold off rather easily from 3.38ish with a bullish equities, so if tapering comes in copper could break 3.00 when equities fall.
Oil is in basically entering the strong part of the season for demand for products, and with equities so robust, we get a bid at 92, if you back at this year`s chart in oil 92 has provided a nice bounce area several times for a pivot trade.
but for the year 86 on a gold liquidation event and 98 several times, oil has had a relatively tight range.
the players are doing the best they can do to save some vol, but it is shrinking with loads of supply on the market. Most of the selling is for technical reasons, general asset selloffs, rollover on important months, front running bad inventory reports, etc.
But it takes some creative effort to maintain the $2 daily range in cl, when they could just as easily peg cl to 93 and call it a day!
where the heck is Nodoji, send me a p.m. when you get a chance ND, I know you have gone off the ET Grid, but who do you talk about CL with now your neighbors?
You tell them all about the massive swing low pivot trade push up through the rising 20 ema trade that exploded for 215 ticks when you checked your daily resistance levels and hit your target by exactly 2 ticks to spare.........really........what are you doing with all that ta energy now......she must be going through serious withdrawal right now?
You tell them all about the massive swing low pivot trade push up through the rising 20 ema trade that exploded for 215 ticks when you checked your daily resistance levels and hit your target by exactly 2 ticks to spare.........really........what are you doing with all that ta energy now......she must be going through serious withdrawal right now?
I believe she had enough with the negative attitudes on here from a lot of people and decided she was wasting a lot of time on here instead of other more important things for her in life.
either that feeling i have is from the cold Chinese food I just ate or the under toe of a swell of sellers getting ready to take us back to 94.
