Registered: Sep 2002
Posts: 4035

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Quote from JohnBob:

1130am ET tomorrow for the close. See PDF file at link below.

http://www.cmegroup.com/tools-infor...ndar/index.html

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GM 3:43 AM. Crazy? Check.

Actually, looking again, these are the trading hours today. http://www.mirusfutures.com/emails/...ntsday_2012.htm Looks like this trades til 1:15 PM EST and then resumes at 6 PM EST.

Registered: Jan 2004
Posts: 96

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Quote from BCE:

GM 3:43 AM. Crazy? Check.

Actually, looking again, these are the trading hours today. http://www.mirusfutures.com/emails/...ntsday_2012.htm Looks like this trades til 1:15 PM EST and then resumes at 6 PM EST.

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Agreed. It helps if you look at the NYMEX hours of the PDF file and not something else.

Registered: Sep 2002
Posts: 4035

Going to let it go for now. Be back later. Hope everyone had a nice weekend.

Registered: Sep 2004
Posts: 3803

Long 10515 (Marches), small position .

Registered: Jan 2011
Posts: 156

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Quote from NoDoji:

OK, I've annotated my daily chart to show what I meant by channel breakout. You are correct in that oil met resistance several times as it tested the upper channel/trend line (UTL) of the channel, but Monday broke out. Technicians view that move as a channel breakout or a bull flag continuation breakout as described here:

http://www.daytradingcoach.com/dayt...is-course.htm#7

So if I was swing trading, I'd be long and looking for a minimum profit target of at least a measured move equal to the range of the last run up prior to the bull flag formation, which takes us to around 106.62.

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Nice analysis.

Registered: Sep 2002
Posts: 4035

What do you think? Sell the Greek news as we assume an agreement will be reached, but we don't know the details which may be worse than expected?

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