CL Redux

JoshDance · Jul 27, 2011

Quote from JoshDance:

short 98.00 ;-)

Looking for 97.50

EDIT change in plans, took it off at .81 lower channel line, was hoping for a bigger break down which may still come of course. And .50 may be just a bit ambitious, .72 would be a better second target.

BCE · Jul 27, 2011

Quote from BCE:

L@98.00

Out b/e. and reentered and exited again b/e. Lots of pressure.

BCE · Jul 27, 2011

Quote from JoshDance:

EDIT change in plans, took it off at .81 lower channel line, was hoping for a bigger break down which may still come of course. And .50 may be just a bit ambitious, .72 would be a better second target.

Nice trade.

Should have flipped it myself. Had some internet connection problems again. Working at getting all of that resolved.

BCE · Jul 27, 2011

Don't you just hate trying to trade this head fake choppy crap? I do.

BCE · Jul 27, 2011

Trying L@.90 Should get stopped out in 2 secs.

BCE · Jul 27, 2011

Quote from BCE:

Trying L@.90 Should get stopped out in 2 secs.

Closed @.10. Hey, it keeps retracing.

BCE · Jul 27, 2011

Reenter L@.03 and then out b/e. LOL. Too weird.

BCE · Jul 27, 2011

The reality of today and the last few = The market really doesn't like uncertainty.

InvestVision · Jul 27, 2011

Will Oil Reach $120 by December?

http://wallstcheatsheet.com/trading/investing-in-commodities-will-oil-reach-120-by-december.html/

According to bloomberg data, the number of contracts held by traders in options to buy West Texas Intermediate crude
- at $120 per barrel in December totaled 45,502 lots on the NYMEX as of July 21.
- This was 4,226 lots more than the second highest bet, which is oil at $125.

Head of Regional Energy Research, Gordon Kwan says, â Weâre in a sweet spot. Oil prices are well supported. Itâs a very profitable for the energy secotr but not high enough to kill any economic growth.â

EON Kid · Jul 27, 2011

Quote from InvestVision:

Will Oil Reach $120 by December?

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hell yeah!!