CL Redux

[greedytrader]

Quote from startraitor:

Short 98.32. stop 101, target 89-

I assume you were stopped out at 101 a few trading days ago.

 

[Visaria]

just broke 104

 

[Visaria]

Can see 105 today, ultimately 110.

 

[Visaria]

i meant 105 overnight!

 

[cdcaveman]

Quote from Visaria:

just broke 104

it broke that going into the close the day before yesterday.. whats the significance? take a look at aug against oct today.. quite a change..

 

[Visaria]

backwardation....odd eh, people really want oil NOW!

 

[stevegee58]

This may affect y'all:

WTI Spikes Following News Of GOM Platform Loss Of Control, Spill

 

[Visaria]

Ta for posting.

 

[InvestVision]

Hello everybody, back from Long Hibernation .

Here is CL 100 day , 50 day Linear Regression Channel .
The Inner band is 1 Standard deviation , the outer band is 2 STD

<img src="https://www.tradingview.com/x/F0IPnyAb/"/>

<img src="https://www.tradingview.com/x/x3jwdCgS/"/>

 

[riskaddict]

API showing another 9 million barrel draw down. I agree with you V 110 seems like a given looking at the weekly. We even had the retest of the top wedge line at 102 and bounced this is a pattern traders wet dream.