CL Redux

Quote from riskaddict:

.60 makes sense to me its kinda at the bottom of that think value area. I'm placing a stop at 82.10 which will probably be taken out on the bs swings from the meaningless report. TP still at 81.05.

I feel you. However, who knows, maybe the bullshit report will drive things our way.... I am about due for a break.
 
Quote from Picaso:

Indeed :D (I hadn't seen your post when I asked). GL

Well, what are you waiting for? Get in there and get it stuck up your a$$ like the rest of us!
 
Quote from gov:

Well, what are you waiting for? Get in there and get it stuck up your a$$ like the rest of us!

Was waiting for the new home sales report (+6.6% vs. 4.0% consensus); now positive data is dollar positive --> oil negative because it decreases probabilities/size of QE2.

I thought it was going to be worse than expected (contrary to the previous housing reports) so I was looking for a long, not a short :(

Edit: and there goes the trade of the day, hope you caught that short the bottom + a large red candle begets a second one, Nod. :)
 
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