Too late
early open sunday for nymex energy
- Thread starter SethArb
- Start date
Too late
You also have to remember that SHORT position holders from the CL/QM highs like myself will keep taking profits as new monthly lows are met.....like yesterdays trading. This will cause short term "covering" profit taking pops which will add to the volatility as we keep grinding down towards the $100 level. The closer we get to $100 the more wild the CL/QM will trade.....and its all good! 
That would be one of those holding patterns resulting in a drop to $98 - $102 like the previous poster said, correct? Sounds like a decline to me :eek:
You think "the boyz" won't make a run on those stops just below $100?
Just so you know....there are MASSIVE stops below the $99's from the last time we ROCK'd off this zone (from my market delta analysis at that time we last traded there.....I remember I had a small LONG position out of the $98/$99 area last time we traded there. I had entered a trade due to a significant LONG cumulative delta divergence from those who were accumulating LONG's just below the $99 level).