CL Redux

Visaria · Mar 22, 2011

stop moved to b/e.

InvestVision · Mar 22, 2011

so CL did not follow logic one more time

- yesterday close was DOJI bar ( interesting ) , seems now we are headed to 107 daily chart pattern
- it may not be stright to 107 , see November 26 DOGI bar on daily , followed by 3% UP day , then 2% down day then rally continued.
- if no major event tomorrow , then I see down close to 103.50 tomorrow then ride to 107 similar to November 26 DOGI bar action .

Quote from InvestVision:

logic says we should have 103+ close today not 104 + close

on this daily chart , we do not have any close above 103 for last 8 sessions, what we have is 102+ close
jump from 102+ to 104+ close seems odd

We know CL does not follow logic always
let us see ....

http://bit.ly/dRMNwG

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ADD: close below 104.50 90% probability , other wise it might have pushed to 105 + on those peak movements ...

schizo · Mar 22, 2011

Quote from schizo:

I'm hoping this sucker will kick up, which will be very bullish for tomorrow. But will she? She's been a real byach all week long.

And who said she was hard to get?

EON Kid · Mar 22, 2011

chart for the day

BCE · Mar 22, 2011

Quote from InvestVision:

so CL did not follow logic one more time

- yesterday close was DOJI bar ( interesting ) , seems now we are headed to 107 daily chart pattern
- it may not be stright to 107 , see November 26 DOGI bar on daily , followed by 3% UP day , then 2% down day then rally continued.
- if no major event tomorrow , then I see down close to 103.50 tomorrow then ride to 107 similar to November 26 DOGI bar action .

I think those comments from the OPEC guy you posted earlier about $120 being no problem may have driven this. Plus the conflicts in the Mid East won't be resolved anytime soon it would seem.

BCE · Mar 22, 2011

Quote from EON Kid:

chart for the day

Good chart. Wonder what ours looks like.

Visaria · Mar 22, 2011

Quote from Visaria:

long 60, stop at 50.

out at 500.

BCE · Mar 22, 2011

We'll see what the inventories numbers are tomorrow morning. That may have a dampening effect if they're way up, which they could be.

InvestVision · Mar 22, 2011

DOGI bar (yesterday ) in UPTrend environment , followed by 2.5% UPBar today
- if no major events tomorrow count it as close as DownBar , then rally continues next day onwards ..

daily chart http://bit.ly/dRMNwG

Quote from BCE:

We'll see what the inventories numbers are tomorrow morning. That may have a dampening effect if they're way up, which they could be.

InvestVision · Mar 22, 2011

US Oil consumption flat to down : http://www.indexmundi.com/united_states/oil_consumption.html
( down part due to economic down turn for last 2 years )

World Crude Oil Consumption by Year : http://www.indexmundi.com/energy.aspx

Oil > Consumption (most recent) by country: http://www.nationmaster.com/graph/ene_oil_con-energy-oil-consumption
- this is kind of dated 2007

Quote from BCE:

Good chart. Wonder what ours looks like.