CL Redux

Laissez Faire · May 10, 2012

Just when I thought the bears had given up.

tstones · May 10, 2012

chop alert, CL is just giving ES some respect.

Laissez Faire · May 10, 2012

Strong reversal off new highs, but also putting in a higher low here for the day.

For some reason I remain biased to the up side for the day as of now.

Any grand calls today?

tstones · May 10, 2012

grand call: 98.5

Quote from Laissez Faire:

Strong reversal off new highs, but also putting in a higher low here for the day.

For some reason I remain biased to the up side for the day as of now.

Any grand calls today?

tomahawk · May 10, 2012

See what happens after OR broken. My gut says DT so far, wants to pull back to 50% or p/d close. But HL's looking bullish at the moment.

EON Kid · May 10, 2012

Quote from tomahawk:

See what happens after OR broken. My gut says DT so far, wants to pull back to 50% or p/d close. But HL's looking bullish at the moment.

9680 to 9640 will be strong support, A good bounce from there will send CL to 9850

Laissez Faire · May 10, 2012

Not getting a good read of this yet.

Intraday head and shoulders here for what it`s worth.

Been taking only stabs at the long side today with a lot of small profits because of the reversals, but may have to start playing the short side now. Let`s see.

Laissez Faire · May 10, 2012

Third major higher low for the day here. But it could very well be part of a large bear flag.

Zr1Trader · May 10, 2012

some tug of war and consolidation on my 500volume between 97.05-97.68 for now, looks like there was some absorption of 97.50 break . Tad less confident about squeeze but we'll see.

Laissez Faire · May 10, 2012

Need to take out 37 and then 50 now.

Not convinced yet.