CL Redux

No, it's more like H&S on the daily. The right shoulder is currently being formed as we speak.

But I do see IHS on the hourly chart. But that's an ugly looking right shoulder. :D
 
This thing has been relentless the last 10 trading seasons, bearish news of which there has been plenty, inventory levels, dollar strength, has been water off a ducks back to CL, and looking for any excuss to rally further, very confussing:confused:
my short calls are getting nicely squeezed, feel like my nuts are in a vice.
 
I hope we blow it off tomorrow. If this noob's assessment is correct, the superheros should come to your rescue somewhere in the upper 81-ish area. Best of luck to ya. :)
 
Quote from plax:

This thing has been relentless the last 10 trading seasons, bearish news of which there has been plenty, inventory levels, dollar strength, has been water off a ducks back to CL, and looking for any excuss to rally further, very confussing:confused:
my short calls are getting nicely squeezed, feel like my nuts are in a vice.
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Goldman said CL to 80 by the end of the week.
Totally unbelievable but it does go to show you that nothing makes the market go long or short other than a buyer and seller.

The news is all media bs to support the short term move.

Like you said currency, builds as sea, inventory and so on.

It is like they are keeping CL high to make sure the economy stays damaged. The volume overal is far less than normal and to the upside less which supports the short squeeze rally.

Maybe Buffet's buyer CL to support his new train set. lol
 
Quote from schizo:

I hope we blow it off tomorrow. If this noob's assessment is correct, the superheros should come to your rescue somewhere in the upper 81-ish area. Best of luck to ya. :)
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I was trading today as the blowoff top. Looks to be the wrong call. Probably wont have anyone big step to short until march expires.
 
Quote from Norman_Shey:

After hours, day before expiry, how awesome!
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This thing might tank at pit open 2morrow. Go figure I will be going out of town for a week 2morrow. Means one thing, set a sl and not touch this evil turd for a week. Ill post back when I close.
 
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