CL Redux

Sorry forgot to put today my Value Area:
VAH: 77.62
POC: 77.29
VAL: 76.99

I will look to see how much time it spent in this are before, I commit to one direction or another, for at least 10-20 min.

good luck to all of you.

 

Seems like we accepting prices in the Value Area looking for 77.00 to get in a long position.

 

The pullback to 77.00 never came, Now what?..............attempting to take Yesterday HOD 78.04..............

 

Careful with a massive short squeeze (look at euro, gold, etc.)

 

I am looking to short at 77.65 if it holds for the next 10-20 min.

 

sh 77.55,trgt 75.90,stop 78.2

 

In the long term, seems like we are back in that channel that we trade since end of May all the way to end of August, it's pointing to attempt to break the 100 EMA (around $78), and 200 EMA (around 79), if it does that, we are in breakout to $85

The only I don't see is Volume, Volume has decline in this last 3 trading sessions.

 

Some people have already started to roll their cars, you should look at the volume of Oct+Nov (right now the ratio is about 2:1)

 

betting the dollar will find temp supp here, maybe bounce

 

add .91