CL Redux

Quote from HuggieBear:

Also, i've got a small short order in for 85...on the chance this runs up overnight.
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The fundementals have been bearish for a very long time. Since 7000. I didn't know if someone was seeing a technical reason for a breakdown.
 
Quote from Speciaul_K:

The fundementals have been bearish for a very long time. Since 7000. I didn't know if someone was seeing a technical reason for a breakdown.
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I see a solid technical reason for a breakdown. Also if you noticed for the last 2 months or so, whenever the market rallies after the API number it goes down following the EIA number. If that is correct, we should see this market tank tomorrow, no? Just my newbie hunch.
 
CL Resistance Zones: 85.35-85.50 followed by 85.87-86.03. I'll be a Responsive Seller in those Areas on first touch.

On a side note, anyone here use Volume Profile (Market Profile) in CL? Also, what prep work do you guys/gals do for the following day (if any)?
 
Quote from EMini-Player:

CL Resistance Zones: 85.35-85.50 followed by 85.87-86.03. I'll be a Responsive Seller in those Areas on first touch.

On a side note, anyone here use Volume Profile (Market Profile) in CL? Also, what prep work do you guys/gals do for the following day (if any)?
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Look for large volume 5minute bar for intraday tops and bottoms.
 
Quote from schizo:

I see a solid technical reason for a breakdown. Also if you noticed for the last 2 months or so, whenever the market rallies after the API number it goes down following the EIA number. If that is correct, we should see this market tank tomorrow, no? Just my newbie hunch.
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I agree. Usually the api rally was a smaller than expected build but still a build. If its a draw 2morrow I would expect a rally. If there is a build in cushing they might fade the pop. Ill probably carry just one contract into it, see what the action is prior. gnight
 
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