CL Redux

[riskaddict]

http://peterlbrandt.com/why-i-am-a-65-bear-in-crude-oil/

my hero

 

[riskaddict]

between articles like this...

http://www.zerohedge.com/news/2013-...st-overweight-call-commodities-september-2010

and 98 not being rejected 101 seems like a given at some point during this week.

 

[Visaria]

Interesting article. I took 100 pips on a long trade today, was only risking 30 or so. Was really thinking it was going to break much higher after it crossed 9900, but i exited. May still go a lot higher.

 

[Visaria]

9921, the high on June 19th, is the big resistance level. breaks that, could have a run towards 100

 

[riskaddict]

Quote from riskaddict:


101 seems like a given at some point during this week.

That was easy, thanks for your help Egyptians!

 

[riskaddict]

http://www.marketwatch.com/story/ap...arrel-fall-in-crude-supply-2013-07-02?siteId=

API is kind of a joke. I guess this will set the bar high for today's report.

 

[EON Kid]

07/03/2013 10:30 *DJ DOE: US Crude Oil Stocks -10.347M Bbl In Wk; Seen -2.3M Bbl

 

[EON Kid]

07/03/2013 12:09 *DJ Egypt Protesters Cheer Report Morsi Placed Under House Arrest

 

[EON Kid]

07/05/2013 08:30 *DJ US Jun Nonfarm Payrolls +195K; Consensus +160K

 

[riskaddict]

so we are either going to 96 or 110. If we close below 101.5 might be a slow craw down if we close above 102.50 should be a quick pop up. The upside break out will be easier to play so I'm kind of hoping that happens. The problem is since it's a holiday nothing is going to happen so why am I even looking at this crap?