CL Redux

May have found a short term top here. Or just some profit taking, which makes sense. Time will tell.

V how would it be okay to be short over the weekend even without leveraging? Unless you have zillions of $$ and average in.

I scalped my way up the last hour, so did good. But somehow I knew, from experience mainly I guess, to not try to buy that top for a breakout run. Had a feeling they'd sell this off the last half hour. But also too chicken to try to short it near the top in case I was wrong. :) Smart I guess. As it turns out I am a contender. :) The quote from "On the Waterfront" yesterday was obviously some playful self deprecating humor. :) If we can't laugh at ourselves good naturedly we're in trouble.
 
I was trying to remember what drove this up to 114 last year. Wasn't it the Saudis? And then I was trying to remember what caused it to top out and reverse. Just so we can maybe have some sense what to maybe look for in this situation, which I realize isn't exactly the same.

Going to take off for a while. I'll check in later.

All of you have a great weekend.
 
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long 108.70 > out 109.40

Candy => Baby when the market tells us in advance where it wants to go :)
 

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I read that the CEO of Vitol (large oil trader in the world) said (dollar) record highs in oil were a possibility. I think we are already at record highs if the price of oil is in pounds or euros.
 
Quote from fishing:

again?

everyone can post a chart like that
More...

yes, they most certainly can.

NinjaTrader and TraderKingdom = Mirus Futures are both paid sponsors on this site. Both of those sources have links on this information for FREE to anyone who cares learn it.

Anyone & everyone who knows this simple price-action measurement would arrive at the exact-same numbers to the penny at 9:06am est or any time later. Every day.

So again, yes everyone can post a chart like that :cool:
 
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