CL Redux

[spd]

Short @ .55 (again)

 

[Blotto]

Quote from Blotto:

Expect small bounce here and sideways before next move down. No higher than 84.90. When the low goes the next price is .50 [/B]

50 hit. Swing high was 87.

Traded through - lots of short covering - enough to stop this move dead. Considering that there has been some good accumulation down here also.

Expect low of .35 or so, then sideways between low and .60 for next 15 mins.

 

[spd]

Quote from spd:

Short @ .55 (again)

bailed @ b/e

 

[Blotto]

Quote from trader198:

put a sell limit order at 85.5 with GTC, I am leaving for some chores.

You have been averaging down longs in a weak market and now you leave them unattended with a limit a dollar higher?

I hope you have a stop!

 

[Blotto]

Quote from Blotto:
Expect low of .35 or so, then sideways between low and .60 for next 15 mins.

Double bottom now it will bounce to 65-70. Then lower...

 

[Blotto]

Quote from Blotto:

sideways between low and .60 for next 15 mins.

Range was low to .63, lasted for 13 minutes exactly.

 

[spd]

You've been a big help today Mr. Blotto

 

[Blotto]

Quote from spd:

You've been a big help today Mr. Blotto

Thank you. I am glad you like it.

Do people here trade NG also, or shall I limit commentary to CL only?

 

[Blotto]

Quote from Blotto:

Expect low of .35 or so

Orders were in at 35 but no fill. hit market.

Long 41 counter trend trade tight stop expecting 15 cents.

 

[spd]

Quote from Blotto:

Thank you. I am glad you like it.

Do people here trade NG also, or shall I limit commentary to CL only?

I trade NG from time to time, but I think we should keep this thread dedicated to oil. Maybe you could start a big NG journal like this one.