CL Redux
- Thread starter schizo
- Start date
I studied it last night, I put a limit order there (thought to be support) before data is out, also a sell order at 5.0. i am selling it now, sell it at 4.740, not cover it yet, hope to cover it at 4.63 again?
Quote from Sarvise:
Nice Natty play
Were you just playing for a rebound? Inventories were actually bearish.
before the data the limit order sell (a liitle bit high, measure move amount)/buy is there, I was little bit nervous. NG noramlly does that, sharp down, then quickly up or vice vesia. when you look at the long-term chart, you will easily see Ng breaks out from 4.5 (TL), my moving averaging break point at 4.39. I am bullish based on the chart. that is why I put a limit order a little bit high than the support level, the shallower the thrust the more bullish, I do not want it fall to 4.5, that price is either or.