CL Redux

Quote from Builder17:

nice turnaround. gotta believe its getting close to shorting time
More...

Next S becomes R: 97.80 level

After that, 99.00's in play, which coincides with a channel line on the daily chart as well.

No short signals yet on the daily chart, unless you're fading that upper channel line in advance of a test.

Intraday, good both ways :cool:
 
Pullback counter-trend short signal for swing traders on the daily chart with pullback support levels as follows:

Previous R becomes S = 94.65 to 94.25

Previous long pivot entry retest support: 92.90-93.00

20-day MA support: currently 91.70
 
Quote from NoDoji:

Pullback counter-trend short signal for swing traders on the daily chart with pullback support levels as follows:

Previous R becomes S = 94.65 to 94.25
More...

Bulls defended the .65 zone twice so far

I'm laying low till the inventories (that's code for stepping away from my desk) :p
 
10:30am DOE Crude Inventories est. 500K range -3100K to 2000K prior 1826K

DOE Distillate Inventory est. -2200K range -3800K to 1000K prior -3575K

DOE Gas Inventories est. 1000K range -2750K to 2000K prior 1356K

DOE Refinery Utilization est. 0.35% range -0.5% to 0.75% prior 0.5%
 
Prior Actual
Crude oil inventories (weekly change) 1.8 M barrels -1.4 M barrels
Gasoline (weekly change) 1.4 M barrels -2.1 M barrels
Distillates (weekly change) -3.6 M barrels -6.0 M barrels
 
You must log in or register to reply here.
Back
Top