CL Redux

So from 60 min Timeframe looks like they needed to load a little more filling all pending orders below 95.50 and then puking em out the other way. Everyone that has been holding their shorts the last few days have probably trailed their Stops to 97.50 .

Observations

Good trading to all.
 
Quote from Laissez Faire:

Out at 70.

I`ll be damned if this turns out to be one of those one way swings without retracing. Because finally I learned. :p

I think perhaps I`ll take the day off now and not risk doing anything stupid. :)
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WTG LF

was that Long at 96.38 or at 96.20


97.20 is a good target
 
the 3 day ATR for crude is 2.57

there is potential to reach 97.50 today.

if we take a poop in the punchbowl then 94.30 area is the downside potential. That would take me by surprise at this point in the day...

@ eonkid since shorts are still pretty strong and in profit on longer Timeframe , just below 97.50-20 is also a good idea if one need an upside tgt

if we get past 97.50 there could be a nice squeeze the next couple days

observations
 
Quote from EON Kid:

WTG LF

was that Long at 96.38 or at 96.20


97.20 is a good target
More...

Thanks Kid.

Long at 96,20.

I took a few stabs prior to that before something stuck with a few scratches and one small 5 tick loss.

Taking the day off now as I don`t feel on top of my game. Probably smart. Unlike yesterday. :)
 
Quote from Laissez Faire:

Thanks Kid.

Long at 96,20.

I took a few stabs prior to that before something stuck with a few scratches and one small 5 tick loss.

Taking the day off now as I don`t feel on top of my game. Probably smart. Unlike yesterday. :)
More...

good idea, seeya L8r
 
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