CL Redux

[usman88]

Quote from saliva:

Do any of you use the continuous chart immediately following the monthly rollover? Does it line up pretty well in terms of PA?

The reason why I ask is the previous support on the CLZ9 is near the 77 area whereas on the historical chart it's at 75. Since we're dealing with a monthly contract, instead of quarterly like ES, this makes it somewhat challenging.

use the contract chart instead of continuous one

 

[riskaddict]

Quote from enochbenjamin:

Can I ask why you chose 78.10 - just curious as that was an price of interest for me.

The general price action and an RSI indi on a 5 min

 

[saliva]

Almost got stopped out. That was close!

 

[riskaddict]

Long 77.4 stop 77.2

 

[EON Kid]

Quote from saliva:

Almost got stopped out. That was close!

Yes, good one. Should be a nice long from this level

 

[saliva]

If we indeed reverse here, looking for the target of 78.40-ish.

 

[riskaddict]

Quote from riskaddict:

The general price action and an RSI indi on a 5 min

sorry it was actually 15 min

 

[riskaddict]

is the S&P the tail or the dog to oil because I see S&P closing at 1042? Unless it gets past 1049 in the next 1/2 hour.

 

[EON Kid]

Quote from saliva:

If we indeed reverse here, looking for the target of 78.40-ish.

If it gets moving I’d hold till the close, ES & 6E are starting to look bullish

 

[riskaddict]

Quote from riskaddict:

Long 77.4 stop 77.2

Im done