CL Redux

Quote from Laissez Faire:

Needs to break 20 now, so that we can at least see 96.

Wednesday`s low gives us a 2 dollar range. Should not be out of reach, no?

Or what says the market wizards? :)
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It would need to move another 1.00 in the last hour of RTH, in the same direction as the past hour. That 1.00 is more than the range of any 1hr period today so far. Could happen, but IMHO not likely. :)

Add: (Not claiming to be a market wizard at all ... just wanted to not leave you hanging without any response at all LF).
 
Quote from tomahawk:

It would need to move another 1.00 in the last hour of RTH, in the same direction as the past hour. That 1.00 is more than the range of any 1hr period today so far. Could happen, but IMHO not likely. :)

Add: (Not claiming to be a market wizard at all ... just wanted to not leave you hanging without any response at all LF).
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Thanks for the response, wizard. :)

I agree, not likely. But the charts are looking fairly heavy now, so who knows. :)
 
Quote from Laissez Faire:

Thanks for the response, wizard. :)

I agree, not likely. But the charts are looking fairly heavy now, so who knows. :)
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Its still a bearish multi day flag, the only buyers came from the short squeeze
 
Quote from Laissez Faire:

Thanks for the response, wizard. :)

I agree, not likely. But the charts are looking fairly heavy now, so who knows. :)
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('whizzer' is more like it ... :eek: )

Agreed, looking heavy. But is there enough juice left to push it either way? Seems like it struggled just to reach average range up at the high.
 
QM (margin isn't too bad) for target of $88.00?

Leveraged ETF or spot CL in foreign broker fx account or ???

Go in with a friend or two on a QM (mini-crude).

All things are possible.

Peace

Hedvig
 
Quote from Laissez Faire:

I wish I had capital for a swing trade.

Further down side seems to be a given from here, just not sure how much. :)
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The trade is a little crowded
 
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