CL Redux

[Visaria]

Quote from Visaria:

The major low this year was 1442 in January ( Feb basis), went to over 2300 in Feb (March basis), and now back to near the major low. If that's taken out, which i expect, could see the spread far lower, maybe even close to zero(!!!) some time this year.

Well worth investigating bearing in mind austinp's cautionary post.

Hit a low of 1442 today, matching the low set in Jan. Didn't take it out.

It's found support! Might go long next week!!!

 

[profitloss999]

Quote from oraclewizard77:

Well, my account got suspended and I got fined $ 200 for trading last day of crude even though I saw other people trading it.

you didn't say the name of the broker. it would help others if you name the broker.

Lots of contracts are traded on the last day, why does this broker behave strangely?

 

[Visaria]

Quote from Visaria:

Hit a low of 1442 today, matching the low set in Jan. Didn't take it out.

It's found support! Might go long next week!!!

Took out the low, smashed through it and went to 1370

 

[EON Kid]

Break out and failure. this is starting to look very bearish if there is not a decent recovery over the next hour

 

[EON Kid]

Quote from ammo:

cl cleave

http://www.elitetrader.com/vb/attachment.php?s=&postid=3762634

bounce of upper cleavage

 

[NoDoji]

Quote from EON Kid:

Break out and failure. this is starting to look very bearish if there is not a decent recovery over the next hour

That's one helluva F U pattern on the hourly chart

Of course, could just be a very wide range.

 

[austinp]

Quote from NoDoji:

That's one helluva F U pattern on the hourly chart

Of course, could just be a very wide range.

Looks more like a "Hell Yeah, Free Money!!!" type pattern to me

 

[onava]

CL moves are done for today.. time to go home..

 

[EON Kid]

03/27/2013 10:30 *DJ DOE: US Crude Oil Stocks +3.256M Bbl In Wk; Seen +0.7M Bbl

03/27/2013 10:30 *DJ DOE: US Crude Oil Stocks +3.256 Mln Bbl At 385.917 Mln Bbl

 

[RedSun]

My gut tells me CL stays down. But there may be a late push if EUR continues to recover to > 1.280 or higher. EUR already broke $1.286 critical level.