CL Redux

[Picaso]

Quote from DonCorleone:

this is what i see

Thanks, DC

 

[EON Kid]

Quote from DonCorleone:

this is what i see

if no new high, prolly 98.90 next

time stamp is 3 mins behind :eek:

 

[DonCorleone]

yes, moment of truth next 5-10 mins.

 

[Picaso]

short 99.225 QM

awful fill

out 98.975

not good either

 

[DonCorleone]

USD hit nhod

 

[Picaso]

Quote from DonCorleone:

USD hit nhod

 

[DonCorleone]

Quote from Picaso:

yea, major duke it out area here. USO trying to bounce off of pivot point here too.

 

[kingjelly]

my take

 

[Picaso]

97.20?

 

[Private Banker]

Good morning, what I'm seeing here is a 50% retracement from the recent swing high of 104.62. Price has now fallen out of a rising wedge and has established a new bearish trend line. We are also half way back from the bounce off of 95.26 which could be the reason for the power struggle today which is creating these chop zones.

Cheers,
PB