CL Redux

[saliva]

Or we could see a quick snap back up to 82 following the inventory report tomorrow. My gut feeling is that they'll dismiss the numbers and try to roll the ball up the hill. Hence, my plan is to dump the other half of my position around 79.50 (if we can get there, possibly in the overnight session) and then short again back in the upper 81 area (again, if we can get there).

 

[Speciaul_K]

Quote from saliva:

Or we could see a quick snap back up to 82 following the inventory report tomorrow. My gut feeling is that they'll dismiss the numbers and try to roll the ball up the hill. Hence, my plan is to dump the other half of my position around 79.50 (if we can get there, possibly in the overnight session) and then short again back in the upper 81 area (again, if we can get there).

If 7963 is broken this week then we will have a outside bearish candle on the weekly chart along with a double top. burn burn burn

 

[EON Kid]

Quote from saliva:

I say we just hit the LOD at 80.34, although I wouldn't be surprised if we drop down to 80.

you love those trend lines

 

[saliva]

Yup, they're my mistresses. Does anyone think we get a drift up from here?

I'm hedging the current position by buying the March contract.

 

[Speciaul_K]

Quote from saliva:

Yup, they're my mistresses. Does anyone think we get a drift up from here?

I'm hedging the current position by buying the March contract.

With a reversal day 2day I doubt we get a drift upward. But we have api #'s at 4.30 est

 

[bridenour]

CRUDE Collapsing after hours...looks like i jumped the gun on closing that options position.

Still holding SCO however...hopefully we get a total melt-down.

 

[BPtrader]

Quote from saliva:

Or we could see a quick snap back up to 82 following the inventory report tomorrow.

Oil market is a many splendored thing, anything is possible. I kind of secretly wish they take it back to 83-84 after the inventory #, that would confuse a lot of shorts.

 

[enochbenjamin]

Quote from BPtrader:

Oil market is a many splendored thing, anything is possible. I kind of secretly wish they take it back to 83-84 after the inventory #, that would confuse a lot of shorts.

Yes - then a bloke like myself could join the party!

 

[Speciaul_K]

Quote from enochbenjamin:

Yes - then a bloke like myself could join the party!

Sounds like you guys like to show up to the partys after 2am
Short the thing now, if it runs back up to 8150 then its probably going to keep going up to about 8600

 

[enochbenjamin]

Quote from Speciaul_K:

Sounds like you guys like to show up to the partys after 2am
Short the thing now, if it runs back up to 8150 then its probably going to keep going up to about 8600

was short 1 CL and a few QM's from 8188 and was planning to hold, but set my TP at 8130 because i din't expect it to get there before I finished a sandwich. So I'm out - I can't short here, I need a nice pop first. If it doesn't come I'll just scalp tomorrow.