CL Redux

EON Kid · Nov 3, 2009

As the 6E drops crude is holding its ground, but 6E ES are very weak.

Maybe a new high on CL with the ES 6E pullback?

spd · Nov 3, 2009

Quote from EON Kid:

As the 6E drops crude is holding its ground, but 6E ES are very weak.

Maybe a new high on CL with the ES 6E pullback?

ive just been watching the UUP, looks like dollar strength put the brakes on that move up, but buyers are still stepping in and holding her up.

im thinking the next move out of this sideways chop will be to the upside

saliva · Nov 3, 2009

Quote from saliva:

Short 78.16

Stop 78.38

Last trade should I get stopped out.

Out 78.12

saliva · Nov 3, 2009

Quote from EON Kid:

As the 6E drops crude is holding its ground, but 6E ES are very weak.

Maybe a new high on CL with the ES 6E pullback?

I can't figure it out. Why the disconnect all of a sudden? The only reason that I can come up is that CL hit the previous major support level yesterday (and today).

EON Kid · Nov 3, 2009

Quote from saliva:

I can't figure it out. Why the disconnect all of a sudden? The only reason that I can come up is that CL hit the previous major support level yesterday (and today).

I donât know either, but I figure the dollar strength arb gives a good opportunity to accumulate at these prices without putting the price up to much on yourself

saliva · Nov 3, 2009

Short 79.85

Crazy I know.

asd123 · Nov 3, 2009

short @ 78.80
If it breaks .71 it might be good for a down to .60

asd123 · Nov 3, 2009

or not out @.90

saliva · Nov 3, 2009

Quote from saliva:

Short 79.85

Crazy I know.

Stopped out 79.06

That's it for me today folks. It's been a bruising day.

I should add that I was pretty bullish going into the open, as you can see from my earlier trades, but I couldn't nail the timing nor was I willing to sit out through the whipsaws. One hell of a frustrating day.

gobar · Nov 3, 2009

Quote from saliva:

Stopped out 79.06

That's it for me today folks. It's been a bruising day.

I should add that I was pretty bullish going into the open, as you can see from my earlier trades, but I couldn't nail the timing nor was I willing to sit out through the whipsaws. One hell of a frustrating day.

if u look @ hr chart there is a bull flag hope it clears 81 within week.

problem is when to buy and when to sell

miss todays rally