CL Redux

Quote from saliva:

That's what you would think considering that the price of oil is directly pegged to the dollar. But, ironically, it's been more in synch with the gold than the dollar of late and you know that dollar and the gold have a reverse corellation.
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I would say nopes it isn't. What people do is that one day they see Crude reacting to Gasoline movements and then they start following it, next day they see that its following EURUSD, next day DOW and so on.

Corelations simply do no appear and disappear overnight.

I have told you what I have learned in over 2 years on constant screen time in this market and this has seldom failed me. Think like a big fund and complement it with your existing knowledge and you are more likely to succeed.

And btw Crude is positively corelated with Euro and not Dollar. Euro goes up and so does gold and so does oil but thats not the point I am trying to make
 
By psychology, I think you mean market psychology. Is market psychology even quantifiable? So exactly what do you mean when you say "psychology plays more important role than technicals in crude"? Explain please.
 
Sitting here looking at a daily it seems that I should Want to get short at 73.90ish not placing a stop. Don't think I will add to a loser but might wait and see what happens when or if it gets there.
 
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