Crude, needs to take a knee?

[zdreg]

Take a knee to your own ego.

I am going to put that saying on a T-shirt.

 

[SunTrader]

If so, you ought not to be concerned with margin calls and dealing with "margin clerks".

Yup double-speak.

And ancient-speak too - "margin clerks".

+ + +

As for crude itself, even though momentum lately has been moderating somewhat I see $110 as potential top. TWT.

 

[bone]

This is so true that the sunshine from it is blinding.

At the moment crude oil is in an uptrend channel which they are desperately trying to hold onto.

When that fails, sure you can go short. I see no benefit to going short until the channel is broken.

 

[countryBoy641]

You people are a bunch of little girls.
I am not going to post anything to further you doing that.

 

[maxinger]

yesterday effective day range was very wide.

it went up 300 ticks, then down 480 ticks.
so the effective day range was 780 ticks (equivalent to $7800 / lot).

It went down because of Iranian oil / sanction news.

 

[Overnight]

I am going to put that saying on a T-shirt.

$1 royalty per shirt sold please. Kthanksbye

 

[KCalhoun]

I just shorted crude buying SCO today, will martingale if it rips for swing

 

[mikesimens]

Thanks for helping with this problem. I also have the same situation.

 

[morganpbrown]

I am bullish oil (1-6 months) until it gets derailed by macro, and that could happen at any moment.

All it takes is one good whiff of demand destruction to start the train down. And we are seeing small whiffs of slowdown every day

Very long term (after the next recession) I am bullish oil. The idiotic forces of supply destruction (ESG) aren't going away

 

[SunTrader]

Neither is the Sun, Wind, Geothermal, Wave Action going away. Unless the planet itself does.