plus an inverse move to the dollar, bad data weakening the dollar.
CL Redux
- Thread starter schizo
- Start date
if we close above 95.35 then we are back in the 95.30 ish to 96.26ish trading range.
yeah if we hold the bottom end of the range 95.30 area , then with some shorts to be sqeezed with a bang at the liquidation close, we could test the high part of the range, should be a nice short if we finish at the high end of that old range, for an overnight slight giveback in price to the middle part of the range (depends if the sharks attack commodities out of europe again).
and if we cant hold the 95.30 bottom, then we probably are in the 94.90ish to 95.56ish range, but i am sure the bottom of that range will be tested sometime during fridays session.
i guess that is why you have to keep an open mind, now looks like oil is just mirroring the s&p 500, so if s&p sells off so does oil.
hey i am flexible and ever-adaptive
hey i am flexible and ever-adaptive
not usually this chatty, but trading is one boring job at times...so just changing the routine for a day-----cl so many games played with this instrument - of all the main trading instruments it has the most cross current bullshit, equities is by far the easiest with the fed involved.