CL Redux

Nice job DC! I'm up 90 ticks today so far. Action pretty fast and my trades have all been about 10 seconds long. Seems like we need to go back to 82.50 before moving further up, IMO.
 
Quote from DonCorleone:

out at 83.05.

ok, i'm taking a snooze.

JD, you rock too! woohooo!!
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Nice job--you're killing it. If I may ask, when you get up from your zzz, if you can remember, what tipped you off that .60 was the low point there? I was waiting for .50 to .45, for a number of reasons -- yesterday's close, prior demand there, today's RTH VWAP, and near yesterday's VAL.

However, there was a volume cluster (small one) that I can see as a basis for a long at .60, as well as the 5m EMA which was around .57 or so at the time, as well as the fact that the little push below the prior .68 low was pretty weak.

So in other words, I missed out because I thought serious buyers would wait a little longer.
 
I don't want to give up on the bulls, especially since they have dominated all day long, but this last push up to the HOD looks like it may have been their last hoorah. No reason to short here, unless we get and stay below .25 though. If they push through HOD, all kinds of stops will be triggered most likely, and we could see a nice leg up.
 
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