CL Redux
- Thread starter schizo
- Start date
Out 9047
Reversal from .96 so we likely to see 90.00
I see 2 paths
A). Reversal tp 8950. Then close 9075
B) reversal to 9000 then close. 9145
I see 2 paths
A). Reversal tp 8950. Then close 9075
B) reversal to 9000 then close. 9145
Short 9060
I realize that you're a way more successful trader than me (well, that's not so hard, is it?
) and I have the utmost respect for Schizo's short, but this looks like unrelenting non-panicking buying pressure. That 50 tick drop looks like position-closing for lunch.:eek:
Edit :29 ok, my post was apparently the signal to get short
Article from August on Blythe Masters
JPMorgan missed out on opportunities in recent years, such as when oil prices surged in 2008, because it lacked the infrastructure to store and ship oil and other commodities, Masters said. JPMorgan has been expanding its commodities operations ever since, buying Bear Stearns Cos.â energy business in 2008 and UBS AGâs global agriculture and Canadian commodities divisions, a purchase it completed in 2009. In March 2008, the bank bought U.K.-based ClimateCare, which helps clients reduce carbon emissions and trades reduction credits.
http://www.businessweek.com/news/2010-08-03/blythe-masters-says-don-t-panic-as-commodities-slip.html
JPMorgan missed out on opportunities in recent years, such as when oil prices surged in 2008, because it lacked the infrastructure to store and ship oil and other commodities, Masters said. JPMorgan has been expanding its commodities operations ever since, buying Bear Stearns Cos.â energy business in 2008 and UBS AGâs global agriculture and Canadian commodities divisions, a purchase it completed in 2009. In March 2008, the bank bought U.K.-based ClimateCare, which helps clients reduce carbon emissions and trades reduction credits.
http://www.businessweek.com/news/2010-08-03/blythe-masters-says-don-t-panic-as-commodities-slip.html