CL Redux

I'm waiting for 86.50 to get more short and if it doesn't come that's ok to. Right now i'm only short 1 contract and 1 87 call I sold at 1.50. on the other side i'm short the 80 and 81 puts. I'm guessing everyone is on vacation so maybe we'll get some more wild swing with the low volume. I would love for it to take a week to go back to 81.
 
GM

88 to 86 lets see
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I don't understand why anyone is short !?!

After that big move from 79/80 to 85 in one day, and yesterday touching and bouncing from 82, there is no sense in being short.
 
Quote from gmst:

I don't understand why anyone is short !?!

After that big move from 79/80 to 85 in one day, and yesterday touching and bouncing from 82, there is no sense in being short.
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I don't understand?

sold an 88 call at 2.50 to get more short
 
Quote from riskaddict:

I don't understand?

sold an 88 call at 2.50 to get more short
More...

maybe as a tactical/day trade you are good, but from a swing trade perspective, we will go to 95 and won't go to 80. It makes sense to have a very strong long bias here. That is what I was saying. I was also saying that next 2 weeks are a good time to buy into CL at every retracement and pyramid. If someone bought CL at 80-82 and keeps pyramiding he will make a much bigger amount once CL touches 95 compared to day trading over the next 2 weeks or so. This is an opportune time to pyramid, because the swing is going to be very strong and clear imho.

I don't trade CL, so I am probably not qualified to say much. These are just my observations from someone who trades FX and ES and NQ and looks at CL from a bigger picture point of view.
 
broke that small 87.30 nip then came back to it,that cleave is like a magnet,think of it as a gap fill,also broke above 23 fib,logic says 38 fib possible
 
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