CL Redux

[ammo]

cl...flat 93 36

 

[ammo]

cl 3 month

 

[Visaria]

Quote from ammo:

cl...flat 93 36

well done mate

 

[Visaria]

total armageddon today - cl now 92.85 !!!!

 

[EON Kid]

Quote from tstones:

asking cause we just had a continuation of the big selloff, and we already broke down 94.5, right? that's downtrend in place to me

doesn't look good for the bulls, but I'll be looking for the 94 area to come in as support.

I dont think this is similar to the May sell off, heading down in a straight line

 

[EON Kid]

Quote from ammo:

cl...flat 93 36

WTG ammo

 

[tstones]

could tag 92 after the inventory.

 

[NoDoji]

For those interested in scalping CL, but not sure the best methods of doing so, Bob Volman has an excellent book called "Forex Price Action Scalping". He works off a 70-tick chart and 10-pip stop/target (usually his stops are smaller, that's a max stop).

His methods are easily translated to a 1-min chart in CL, and his book is very clearly written (unlike "He-Who-Must-Not-Be-Named").

ADD: I'd recommend targeting more than 10 ticks with CL, though.

 

[EON Kid]

09/19/2012 10:30 *DJ DOE: US Crude Oil Stocks +8.534M Bbl In Wk; Seen +0.5M Bbl

 

[EON Kid]

seems to be putting in a bullish base for lunch,