CL Redux

[BPtrader]

I think they did it again, pulling up against inventory #.

I got hurt this time, though I dodged the bullet last week.

77 prediction is off, it's not going to happen.

I will downgrade the importance of inventory # from now on. it's a joke.

 

[Speciaul_K]

Quote from BPtrader:

I think they did it again, pulling up against inventory #.

I got hurt this time, though I dodged the bullet last week.

77 prediction is off, it's not going to happen.

I will downgrade the importance of inventory # from now on. it's a joke.

Everyone was short already going into the numbers. What did you expect. Sell the rumor buy the news today

 

[saliva]

BP, Sorry to hear that. But a few of us did voice our concerns yesterday about a possible drift up following the inventory (especially this noob ). However, this upthrust is really a gusher. Check out the daily chart. Boy does she know how to wag that long tail!

What's the consensus on the upside target before she trips and falls? I say 81.50-ish for now.

 

[saliva]

I smell massive stop orders to be triggered above 80.50, should we get there.

 

[flatron]

trying small short here at 79.90. 25 pips stop

 

[usman88]

Just shorted crude @ 80.10 SL 81.10 Target 77.65

 

[saliva]

Short 79.97

 

[saliva]

Quote from saliva:

Short 79.97

Out 80.08.

Should have stuck with the original plan.
She's not about to let up anytime soon it seems.

 

[flatron]

Quote from flatron:

trying small short here at 79.90. 25 pips stop

stopped

 

[enochbenjamin]

observation - crude almost always makes a late day push between 12:30 and 1:15 CST before dropping - if its going to drop. for an idea of when the push is going to run out of steam at 12:30 draw a trendline (up) on a 5min chart. when you get a close below that line - its time to short.