CL Journal

I got long the breakout yesterday. From 68.10. Time to join the party.

 

Short @ 68.46. Stop loss @ 68.66.

 

Pretty much everyone is using the 2007 analog it seems. I saw it posted and referenced some time last year and it has followed reasonably well, but it can never be 100% trusted.

 

I have a feeling the next COT is going to show this market being stupidly long.

 

The trend is decidedly up and I am a trend trader so only trading long. I don't see this market falling much further than 65 in the near term. Oil is up 42 percent since I first began touting the buy.

 

Oil still looking good here at 70.49. I continue my long bias.

 

Wow.

 

71.01 right now. ---Just no obvious reason to get out or get short.

 

Are you relying on delayed data? That was about 10 minutes ago.

 

No. I just got around to posting. I'm not in a day trade.