CL Redux

Quote from EON Kid:

New August highs, 95 is a major line in the sand
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what is with the slow motion breakout? why can't it just go to 96.80 right now drop 2 bucks and then go to 98 and then tank?
 
Quote from riskaddict:

what is with the slow motion breakout? why can't it just go to 96.80 right now drop 2 bucks and then go to 98 and then tank?
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approaching contract expiry & end of the week, so easy to push around on low volume
 
Quote from riskaddict:

why can't it just go to 96.80 right now drop 2 bucks
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climax moves invite traders to smack it down, that leaves an obvious selling tail & we don't want those nasty retail traders jumping on board
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Quote from riskaddict:

even that little break that just happened was or is happening is weak as shit, it's like there are no more shorts to stop out.
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They all went to the bar to max out their credit cards :p
 
some interesting headlines

08/17/2012 10:00 *DJ API: U.S. July 2012 Oil Use Lowest in July Since 1995

08/17/2012 10:00 *DJ API: U.S. July Oil Use Lowest in Any Month Since Sept 2008

08/17/2012 10:00 *DJ API: U.S. July Gasoline Use at 15-Year July Low of 8.624M B/D
 
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