CL Redux

EsKiller said:
anyone catch that short squeeze in Cl just now ? $1.30 move in 3 mins. WOW
More...

I caught the other side of it...

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Once I heard it was OPEC news related I immediately shorted knowing it was a knee-jerk impulsive move to spike up that hard.
 
I'm back!! :):confused: (Who killed this thread?)

While making a reply about CL in another thread, I thought I give a brief pointer here as well on where I think CL will likely head in near future.

Strictly going by the charts, CL is on the verge of turning the corner. Initially, there will be a retrace back down to as low as 44.50. But once we clear above today's high at 46.80, or at least we close above 46.80, we could see 49.50-ish in a flash.

Happy trading, y'all!
 
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