CL Redux

Quote from gobar:

run in the crude is done for now.. see you at 90.00 playing safe with QM... stop 98.325 waiting for 97.50 or .60 to enter short.
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It's going to take a horrendous inv # and Bubble Ben saying wow things sure seems peachy just to get this thing down to 96.

All that being said I hope to god you are right because I covered all but 2 of my short puts so I'm dangling in the wind.
 

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Quote from gobar:

run in the crude is done for now.. see you at 90.00 playing safe with QM... stop 98.325 waiting for 97.50 or .60 to enter short.
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Lol, on what basis do you make this forecast? The trend is clearly up, and as riskaddict said, you would probably need some fundamental news to make it change direction.

I haven't traded CL at all this week apart from being stopped at on my short i took last week at a small loss.
 
Quote from Visaria:

Lol, on what basis do you make this forecast? T
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no idea, but gobar knows his $hit
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Nothing wrong with anticipatory trades with an exit strategy. Shit if this thing gets below 96.50 you should add to the short.

I'm so fing pissed at gold right now I feel like i'm gonna have a stroke. If I had just redrawn my weekly TL to take that 12/31 tail into consideration I would have been buying hand over fist yesterday. Now 1692ish is the key area to either short or wait for a breakout. I'm liking a bo to 1740-1750 area if it gets above there.
 

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01/30/2013 10:30 *DJ DOE: US Crude Oil Stocks +5.947M Bbl In Wk; Seen +2.7M Bbl

01/30/2013 10:30 *DJ DOE: US Crude Oil Stocks +5.947 Mln Bbl At 369.062 Mln Bbl
 
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