CL Redux

Quote from riskaddict:

I'm looking to take an outright long at 93.80 then add to it at 94.23 and take profits at 94.70. Can we just fast forward the day and give me my money now. If it goes below 93.60 I'll alter my calendar spread to neutralize my downward risk. So no real stop.
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Taking the loss on the outright at .70 and leaving the spread alone. I'm feeling conflicted since the bounce didn't happen so we'll try again tomorrow. Guess that is what I get for being cocky:p
 
Quote from roreilly:

When Crude Oil rips up like today, am I the only one thinking about filling up my gas tank on the way home?
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Don't get too concerned....yet. The HOD is the 20-day MA in a downtrend :p
 
Quote from NoDoji:

Don't get too concerned....yet. The HOD is the 20-day MA in a downtrend :p
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It's also the top of the range of the last couple weeks. Tomorrow should be interesting from a longer term perspective.

I'm betting that it will be a shorting opp but I've learned it's best to just wait until tomorrow to make up my mind.
 
I don't know if it will happen tomorrow but I feel like there will be a bull trap pop just above 96 before we start going back down. At this point I'm only holding a few feb puts. I unwound the jan short portion of my spread through out today with volatility in the shitter once again. So even though I'm short now it won't stop me from taking some outright shots on the long side tomorrow if it is necessary.

Ya'll might want to dip your toe in the Aussie tonight since hit the bottom of this downward channel today.
 

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Quote from riskaddict:

Ya'll might want to dip your toe in the Aussie tonight since hit the bottom of this downward channel today.
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That is one ugly chart! Looks like it's gonna crash right through the channel. I imagine that makes it all the more powerful a buy signal :p :p
 
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