CL Redux

I always like to look at different time frames for charts to add some perspective. Here's a CL 02-11 Weekly 20 EMA chart. You can see overall resistance and support.

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Quote from NoEmotions:

no trades yet don't have guts to pull the trigger, anyone trading actively today and if profitable I salute you.

I don't think I could possibly be trading more actively with 13 trades and 11 b/e. Did manage to squeeze out a couple profits, one off the pre-market double bottom (20-day EMA double touch) and I caught the 2nd half of the NYMEX opening run.

We could've all just shorted 6E and come back end of day to close :eek:
 
Quote from riskaddict:

I'm betting this breakout fizzles at 91.40 if it happens at all.

So far this has gone over like a lead turd. I went short 3 qm's at .45 and got stopped out of 1 at .62. My 1st take profit target is at 90.90.
 
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