CL Redux

[saliva]

Quote from BPtrader:

I think it's reasonable.

We will see a big increase in oil inventory tomorrow. I didn't see many people driving last week in that cold weather.

But it's also worth noting that crude oil can have an impact on both gasoline and heating oil.

 

[saliva]

A break below 81.40 could trigger a fast one to the downside.

 

[BPtrader]

Quote from saliva:

But it's also worth noting that crude oil can have an impact on both gasoline and heating oil.

natural gas and electric heaters also play a part.

anyway, technically, if bulls fail to bring this up to 82 this morning, we will see a sell off in the afternoon in anticipation of tomorrow's inventory number. Right now, a solid rounding top is in formation, sell off is more likely than not.

 

[saliva]

I dunno. The markets, be it ES or crude or whatnot, seem to be discounting anything negative these days on the assumption that it's "better than feared". I say, my ass. But what do I know. Didn't the crude also jump last week on higher inventory? As for me, I only trust what I can see, namely prices on the damn chart. This market is molding me into an enlightened cynic.

 

[saliva]

Quote from saliva:

A break below 81.40 could trigger a fast one to the downside.

Alright buckle up, we're about to close below 81.40.

 

[BPtrader]

Quote from saliva:

A break below 81.40 could trigger a fast one to the downside.

Bulls put up a desperate fight.

Let's drop a bomb on their heads: the survey data coming up soon.

 

[saliva]

This market looks damn constipated. C'mon yo, let yourself go!

 

[saliva]

Quote from saliva:

Adding here to the existing short (average: 82.82) at 81.80

Out at 81.46 for this addon. Will reevaluate for another possible add.

 

[saliva]

Adding to the existing short at 81.60

 

[saliva]

Quote from saliva:

Adding to the existing short at 81.60

Closing out this add-on at 81.46

Man, one needs to be a stoic to sit throughout this one. Yawn!