CL Redux

Quote from NoDoji:

Normally I look for test of next S/R level in line, in this case I was looking at my 3-min chart and next R was .21. 5-min chart, next R was .40 which is where I'd normally target had I been paying better attention!

The initial attempt was failed b/o which is why I took some off the table right away. Then we had the Al Brooks "failed failure" providing short fuel for the follow thru.
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I see, missed by 2 tics so far..
 
Quote from NoDoji:

long 80.82, stop to b/e target breakout
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For anyone who cares, my initial stop was going to be 80.70 (low of my entry bar), but I quickly moved it to b/e in case of a failed breakout violent reversal, which I've seen happen before.
 
Quote from NoDoji:

For anyone who cares, my initial stop was going to be 80.70 (low of my entry bar), but I quickly moved it to b/e in case of a failed breakout violent reversal, which I've seen happen before.
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Would you consider the reversal 12:00 bar a failed BO of next
resistence yet? Or to soon to tell..?
 
in a slightly longer term thinking.... with the oil's leaking in the gulf and failed bo then gap down... this looks like a rather bearish looking CL... or is this recharging for a huge runup to 100 ...hmmm... hmmm ... fishy smelly CL
 
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