CL Redux

Quote from BarOpen:

There are fewer traders, and its happy hour somewhere.

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Quote from schizo:

Obama's State of the Union speech tonight. Does anyone have an actual stat on how the markets fare following the SOTU?

No stats, but if he hints at favorable themes the market could take it well...
 
I can understand ( the pain) your stop is the Support 1 (S1) for most part of the day.
I thought you may be taking short at 86.85 after stop with all the negative news for OIL today from all fronts.

86.30 acted as Support twice this morning, that gave me some clues on the Day range and in my intra day trades.

.. this level helped the community in another way .


Quote from schizo:

I got stopped out before the day even started, so I decided to spend the entire day on the golf course. It was disheartening to see the exact low at the time at 86.30. I didn't know there were so many folks who read this journal. :D

Anyway, that trade alone cost me over 75-ticks. I guess it could have been much worse.
 
I think this downfall is short-term in nature and we shall see 90+ again soon in the mid-term, anyone else have any thoughts?
 
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