CL Redux

A pullback to the 80 area looks like the healthy thing from here, before possibly pushing higher.

Average range completed though, although a 2 dollar range should not be out of reach.
 
I`m thinking that a long from this area is may be good targeting at least HOD, but preferrably a new HOD. :)

ES looking weak though, but I`m not experienced enough with intermarket relationships to include it in my analysis.

How likely is it that we make new highs in crude if ES slides from here to fill the gap below? Anyone who knows?
 
Quote from Laissez Faire:

I`m thinking that a long from this area is may be good targeting at least HOD, but preferrably a new HOD. :)

ES looking weak though, but I`m not experienced enough with intermarket relationships to include it in my analysis.

How likely is it that we make new highs in crude if ES slides from here to fill the gap below? Anyone who knows?
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longs have had an easy ride, its only right to shake a few out :D

See how Mon & Tue's made a big fat boob, we are bouncing of the low of that boob

I actually think LOD is gonna get hit
 
Quote from EON Kid:

longs have had an easy ride, its only right to shake a few out :D

See how Mon & Tue's made a big fat boob, we are bouncing of the low of that boob

I actually think LOD is gonna get hit
More...

Market profile?
 
As for crude now, I`m primarily looking for a long entry, but I think ES will drop further so I will wait until I get a prime chance.

You may very well be right that we take out the LOD, Kid. :)
 
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