CL Redux

[BCE]

Quote from NoDoji:

Add me to the "too early" supper club.

Nice going. Enjoy your dinner.

 

[BCE]

Guess my call so far seems to have been correct. Should have flipped it. CSW

 

[NoDoji]

Technically, our long target once price broke back up through the 20 with a vengeance should've been around 90.08 (last S becomes R). Sure enough that's about where it turned.

I believe CL is traded entirely by bots (and us)

 

[InvestVision]

it is common sense. We saw this with crude many times .

with so much tension around Suez canal where more than 50% of OIL transport day in day out , what do you fear on a Friday with OIL

- SHORT at 91 at day high ( I fear this one )
- LONG at 89 after $2 drop from day high

Quote from DonCorleone:

IV,

you must have balls of steel. good to see CL come back for you.

 

[BCE]

Quote from NoDoji:

Technically, our long target once price broke back up through the 20 with a vengeance should've been around 90.08 (last S becomes R). Sure enough that's about where it turned.

I believe CL is traded entirely by bots (and us)

Was thinking the same thing. Kind of like Jeopardy. It's us against Watson.

 

[EON Kid]

http://seekingalpha.com/article/236162-iea-forecast-economy-depends-on-yet-to-be-found-oil

 

[Good Fortune]

Quote from Visaria:

The dinner bell rings...back later.

Later Visaria

 

[BCE]

Quote from BCE:

Was thinking the same thing. Kind of like Jeopardy. It's us against Watson.

 

[InvestVision]

Retrace , Reversal and Close at 8975 on the dot as forecasted

now I should apply for Goldman sachs commodity trader post

Quote from InvestVision:

We got A) with additional 50 ticks on down side at 8900 , so close upside will Be trimmed 100 ticks at 8975

<<<<<<<<<<<<<<

Quote from InvestVision:

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

>>>>>>>>>>>>>

 

[NoDoji]

Quote from NoDoji:

90.24 = 20-day EMA

This level also serves as a touch to the underside of the lower TL from 11/23/10 low to the late January support level.

Today's close provides a clean (double bottom, followed by HL, close above yesterday's close, and shaved head bull bar) reversal signal that should lead price to that level.

A break through that level brings 91.00 easily into play.

To all the folks on ET who insist that the market is totally random, that technical analysis is meaningless and doesn't work, and that there is no way to truly have an edge in trading, I offer this explanation of my ability to have predicted this morning's price action yesterday:

Schizo's broken crystal ball