will cl break 90 and drop to 86 ?

[Wallace]

looking to see if the price'll break 83.44 , drop to and hold 78.61 , or continue lower

 

[Wallace]

Sell at 95.86

 

[cdcaveman]

i'm short to.. in a N/Q spread

 

[Wallace]

what's your downside target ?

 

[cdcaveman]

Quote from Wallace:

what's your downside target ?

i have no target.. do you

 

[Wallace]

I did think twice about the price going back up to and maybe thru the 61 at 97.80 but
decided to Sell anyway. maybe it'll only get down to around 89 although I'm looking
to see if it'll break it; but, there's an upside risk of the price going back up to 100

 

[cdcaveman]

Quote from Wallace:

I did think twice about the price going back up to and maybe thru the 61 at 97.80 but
decided to Sell anyway. maybe it'll only get down to around 89 although I'm looking
to see if it'll break it; but, there's an upside risk of the price going back up to 100

welll my play is a term structure trade.. so it is bearish the underlying and as well its short the curve.. so if it goes backwards it will hurt me..

 

[Wallace]

just to say I won't update here again, instead I'll be posting trades in my journal - The Wallace Trading Method