CL Redux

[Visaria]

cheers Kid, numbers are a little bullish then...i'll stick with the trend though

 

[Visaria]

out 8690

 

[EON Kid]

Quote from Visaria:

out 8690

nice one!

 

[riskaddict]

now what? 86 has been my target for what seems like forever and it finally happened. Can I just go right back to selling prem or is 78.90 now in play?

 

[Visaria]

Quote from EON Kid:

nice one!

cheers, feels like i havent had a decent win on cl for ages!

 

[Visaria]

Quote from riskaddict:

now what? 86 has been my target for what seems like forever and it finally happened. Can I just go right back to selling prem or is 78.90 now in play?

My thesis is that the US is about to enter a recession and that's there's loads of oil sloshing around. Combine these two "facts" and you have oil falling to $81, the next support.

 

[Visaria]

short 8725 june

 

[riskaddict]

The p/a correlations have been screwing with my head today so I haven't really done anything except buy some of the micro aus dollars.

looking for 89+ to start getting short again. In my head i'm picturing an up channel who's break will lead to 85 lower.

Those red lines are just regression lines from last feb to now and one is from 2011.

 

[riskaddict]

all that open space up to 90 is why it think it could fill in but who knows the way things are are going when i wake and look at my phone tomorrow I probably see a be red -4 staring at me.

 

[cdcaveman]

hey.. not to interupt.. but if any of you energy traders.. know anything about some of these energy curves.. take a look at my post.. could use some insight ..

http://www.elitetrader.com/vb/showthread.php?threadid=265065