CL Redux

[roreilly]

Quote from riskaddict:

I'll bet you a beer we go to 95 first

You are on! I'd happily buy you a beer.

 

[roreilly]

My analysis (if you can call it that) is that ES has not broken down, and that CL jumped the gun, and will retrace. If the S&P 500 jumps just a little, CL will roar back up.

 

[roreilly]

Quote from ammo:

cl gap

Is your analysis based on this chart that CL is likely to head to either 96.04 or to 94? Is that how you would read this market profile?

 

[ammo]

saying its likely to fill that gap

 

[ammo]

cl 6 month

 

[Visaria]

Quote from Visaria:

long 9593

out 9555

 

[riskaddict]

What a boring close for a Friday. WTI seems kind of torn between the euro and the equity market. If the market can keep rising and oil can keep dropping for a prolonged period my brain might explode. The old battle between economic expectations vs fundamental supply and demand is on and I'm glad I don't care about any of it (conscience of it but not focused)

 

[ammo]

94 78

 

[riskaddict]

please stay below that slopey line :eek:

 

[Visaria]

short 9675