CL Redux

[HuggieBear]

That is probably the correct view. Getting long near 70 seems high probability.


I am expecting an overall bounce in the markets this week, including CL. So i'm just playing for the swing. But you're right.....when 75 broke decisively that was probably a point where one should not get long again until it approaches that 70 support level.


Starting to make me nervous...i might just take profit on a small bump to $75.

 

[Picaso]

Does that last bar count as a internal double top?

 

[Blubaru_555]

will we drop?

 

[cstfx]

sh 7400 - looks weak against equities and currencies

 

[cstfx]

Quote from cstfx:

sh 7400 - looks weak against equities and currencies

flat 7350 - look to re-short at higher level

 

[Picaso]

Drop, bitch, Nodoji demands her 30 ticks!

 

[Blubaru_555]

not a whole lot of support if we break this level until 71.1

 

[Picaso]

Quote from Blubaru_555:

not a whole lot of support if we break this level until 71.1

I have some support at 72.80 and then major support at 71.80 (plus 20 ticks for early birds, minus 20 ticks to consider them broken).

 

[EON Kid]

looks like a low for the morning

 

[NoDoji]

Quote from Picaso:

Drop, bitch, Nodoji demands her 30 ticks!

Ha ha, just saw this! Actually I got 31 ticks