CL Redux

BCE · Apr 28, 2011

Good Morning

Pending Home Sales at the top of the hour

http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm

I had to go to the post office this morning to mail my check off to Exxon to do my part to help out. They're having such a difficult go of it.

Picaso · Apr 28, 2011

Nodoji, quick, outside your home somebody's stealing your car!!!

BCE · Apr 28, 2011

Pending Home Sales up 5.1%

http://www.marketwatch.com/story/ma...-climb-51-2011-04-28?link=MW_home_latest_news

Eddiemorra · Apr 28, 2011

Quote from Holey Grail:

Ah, I see the resistance at 113.15 that you were looking at.

correct, although support/resistance is the same as a coin flip in my experience, lol.

Quote from Eddiemorra:

short 112.98 ; stop at 113.25

anyway, stopped -27

so that's -26, -34, -27 so far. Not bad! :eek:

BCE · Apr 28, 2011

10:01a

BREAKING

Silver futures rise 7%; gold adds to gains

Picaso · Apr 28, 2011

Quote from Eddiemorra:

correct, although support/resistance is the same as a coin flip in my experience, lol.

anyway, stopped -27

so that's -26, -34, -27 so far. Not bad! :eek:

sim or live?

---

Silver up 7%, pulling gold and everything that is an inverted USD play

Edit: sorry, BCE, after you

Holey Grail · Apr 28, 2011

It's amazing what yesterday looks like on the 60-minute--just looks like it went down some and up some but stayed in pretty much the same range as the last few days--rather ho-hum. Sure felt a lot different than that in real time, though.

EON Kid · Apr 28, 2011

Quote from InvestVision:

seems good short developing around 113.45 - 113.60 level for kind of double top short

add: if we get those levels , seems it may fade even before ... hard to tell

I got a feeling its going to go higher before doing a full retrace ~114

BCE · Apr 28, 2011

Quote from EON Kid:

I got a feeling its going to go higher before doing a full retrace ~114

That sounds right to me too. If the index futures go higher I think CL will follow them up, but if they back off maybe not.

ADD Or maybe IV was right about the double top possibility 113.40-113.50 or slightly less.

oilfxpro · Apr 28, 2011

Quote from Eddiemorra:

just waiting to get stopped again, but target is at 112.60 for what its worth

Is that a real account?