CL Redux

[Zr1Trader]

Morning ,

Looks like we have a wide range from euro session before NY even opened, 105.50 bottom pivot Currently hovering around 107

Volatility has been increasing over last few CL trading days.

5 day ATR 2.25

Good trading all.

 

[Zr1Trader]

Blow and puke in process? Won't be complete until 5.50 is taken out.

 

[BCE]

GM Factory Orders and ISM numbers in a few minutes.

http://www.briefing.com/investor/calendars/economic/2012/03/05-09

 

[riskaddict]

looking for 107.80 in the next hour or so if we stay above 106.60

 

[riskaddict]

Maybe this will help the break out??

http://globalpublicsquare.blogs.cnn.com/2012/03/04/will-israel-will-strike-iran-in-2012/


LOL, sorry about the commercials.

Here is what i take from this. OPEC is actually paying Israel's "officials" to spread fear.

 

[ammo]

cl

 

[ammo]

reduced to a 30 day

 

[riskaddict]

Oh well... I guess the stupid market is holding it down.

 

[gmst]

My first post on this awesome thread!!!! and this first post is not related to CL only Sorry for breaking the rule folks.

I plan to do a summary this weekend. I encourage everyone to contribute to the following thread before the weekend, so that we can get a good number of stats from elitetraders.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=235310&perpage=6&pagenumber=1

 

[riskaddict]

God if seeing Obama and Yahoo spank each others monkeys like that can't make this thing break out nothing will. Moved my buy stop down to 7.10