CL Redux

[Blubaru_555]

holding short from 76.55, stop 76.80

 

[trader198]

what a sheep I am! follow my feeling again, thought it will touch 76.8+ then go down! :eek:

Quote from trader198:

out at 76.53, maybe too early

 

[trader198]

so the warmer the weather, the higher it will shoot?
but it climbs from spet. to jan., then quickly drop in spring. I thought the colder it is, the higher it will shoot. I am shorting it in the bounce at 5.129, still hold it. feel a little pressure, my crude short is shaken out

Quote from Speciaul_K:

Last post in regards to NG.
Natural Gas is used for cooling of commercial buildings.
CL related 7670 is 200dma

 

[Blubaru_555]

Quote from Blubaru_555:

holding short from 76.55, stop 76.80

stop at BE, though it looks like it'll be hit

 

[Speciaul_K]

Im going to assume that the bulls will try to close above 7670

 

[Blubaru_555]

try another short, 76.72
stop 76.82

 

[EON Kid]

Is this decline in volatility for CL a usual phenomenon in the summer months given usual trading conditions?

When does it pick up again?

 

[Blubaru_555]

Quote from Blubaru_555:

try another short, 76.72
stop 76.82

out 76.49

long 76.45
stop 76.30

 

[trader198]

short 76.42 sl 76.53

 

[trader198]

out at 76.47

Quote from trader198:

short 76.42 sl 76.53