CL Redux

Quote from Laissez Faire:

Nice. Do you intend to play it, if it plays out?

Something is happening now, but I assume we could snap back up.

95,30 last line in the sand?
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Yes, I would be buying for a longer-term hold if it gets into the low/mid 80's before a meaningful retrace. Of course that's not going to happen today ... would be a swing scenario to play out over several days, perhaps a couple of weeks. :)
 
Quote from tomahawk:

Yes, I would be buying for a longer-term hold if it gets into the low/mid 80's before a meaningful retrace. Of course that's not going to happen today ... would be a swing scenario to play out over several days, perhaps a couple of weeks. :)
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Would be interesting to see if volatility picks up if we make new lows today. A 3 dollar range would be nice.

Today`s 50% retracement right here. :)
 
Quote from Laissez Faire:

Would be interesting to see if volatility picks up if we make new lows today. A 3 dollar range would be nice.

Today`s 50% retracement right here. :)
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nobody told me you guys were having a bear party, I would have brought my costume :(

GM all :D
 
Looks like we have visited support zone 4 times now on the 60 min chart. Makes me think that support is thin ice now if we revisit in the near future.
 
Quote from Zr1Trader:

Looks like we have visited support zone 4 times now on the 60 min chart. Makes me think that support is thin ice now if we revisit in the near future.
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good observation, each bounce is weakening
 
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