CL Redux

[BCE]

Quote from BCE:

ADD: DX really pulled back, not surprisingly, from just where the market bounced.

 

[BCE]

Take a break. BBL.

 

[riskaddict]

Quote from beachhouse:

we may see a 2-dollar drop in oil price, today, by close.
believe it or not. Big sellers will step in...

I agree looking to short below 106. Or even right here if this is a triple top in the works

 

[riskaddict]

wtf is this bs?? right back to r1? Will take a shot at 106.60if we get there. Otherwise waiting for the trend to break.

 

[riskaddict]

uncle

 

[chinook]

It looks like CL is in sync with ES today. The intraday patterns are similar. My short at 106.15 had little bit profit but I got stopped out at 106.20. I just didn't get a signal to go long.

 

[BCE]

I'm short 2 @107 fwiw. See what happens.

 

[chinook]

Quote from BCE:

I'm short 2 @107 fwiw. See what happens.

Good luck, hope it goes your way. I am tempted too but I'm hesitant. If it breaches 107, it might pop up strong. I might short the reversal though.

 

[BCE]

Quote from BCE:

I'm short 2 @107 fwiw. See what happens.

Out @106.85. R1 seems like a pretty strong floor.

But now it will breakdown.

 

[beachhouse]

Quote from riskaddict:

wtf is this bs?? right back to r1? Will take a shot at 106.60if we get there. Otherwise waiting for the trend to break.

just a short squeeze, no big deal.

fundamentals (inventory increase next week) will keep the price in check.