CL Redux

[DonCorleone]

was it the api #s?

 

[bigsnack]

What's up everyone? It's been a while! Today was a good day for the CL. It really seems as though it woke up there at the end! Here's a chart of my afternoon. I had a couple of miscues / chop trades, but I caught good portions of the up moves. Comments / critiques, or glowing praise are all welcomed as always. Take care!

 

[startraitor]

Back to 100

 

[EON Kid]

06/08/2011 09:18 *DJ OPEC Pres: OPEC To Keep Oil Output Unchanged

06/08/2011 09:17 *DJ OPEC Pres: OPEC Decided To Wait For 3 Months To Evaluate

06/08/2011 09:16 *DJ OPEC Pres: Some Members Wanted 3 Months To Assess Whether Nd More Oil



GM All

EIA Petroleum Status Report 10:30 AM ET

 

[JMC]

Looks like that OPEC news has gotten a pop above recent resistance at the 100 EMA on the hourly.

http://content.screencast.com/users...04ef-4356-a15d-2b238c5b8e20/2011-06-08_CL.png

 

[JMC]

More hourly charts, looks like Euro at possible support-

http://content.screencast.com/users...e7b7-45aa-bd93-be341fe22af2/2011-06-08_6E.png

And Dollar at possible resistance-

http://content.screencast.com/users...9a00-4ab2-acfe-20871b03257d/2011-06-08_DX.png

 

[Visaria]

long at 9975

 

[Visaria]

if the inventory report is bullish, easy pop to 102.

 

[TRS]

Quote from startraitor:

Back to 100

Call

 

[EON Kid]

06/08/2011 09:39 *DJ Saudi Oil Min Naimi: 'One Of The Worst OPEC Meetings Ever'

06/08/2011 09:41 *DJ Saudi Oil Min Naimi: Will Meet Market's Supply Needs

06/08/2011 09:43 DJ OPEC Unable To Reach Consensus; Outcome "Unwelcome" By Some Members

06/08/2011 09:43 *DJ Saudi Oil Min Naimi: Saudi Arabia Has Spare Oil Production Capacity

06/08/2011 09:50 *DJ Saudi Oil Min Naimi: Gulf Countries Wanted 30.3M B/D Output Ceiling