CL Redux

Quote from RedSun:

Where were all the CL traders?

I guess these big channels are to boring for everyone. I was disappointed we didn't get follow though from Friday to push it towards 98. I guess one more freaky strong number like last week could do the job. I've been strangling 102/88 for AUg and straddling 97 in sept and fading the morning vol spikes. This afternoon I just got out of all the strangles because even if we get another 2% dip in vol it ain't worth it. All I know is if this bitch gets above 98 we should see 102 in about 15 mins thereafter :p That is when you would want to buy some cheap ass puts and go do something else for a month. Of course it is never that easy and it will probably go to 93 by the end of this week.

NG is where the action is at :D or the aussie dollar
 

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06/12/2013 10:30 *DJ DOE: US Crude Oil Stocks +2.523 Mln Bbl At 393.808 Mln Bbl


06/12/2013 10:30 *DJ DOE: US Crude Oil Stocks +2.523M Bbl In Wk; Seen -0.4M Bbl
 
CL is being traded like a piece of paper now, just like the time when we had the financial crisis. Now it just goes with dollar, not stock index and demand/supply side of it.
 
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