CL Redux

Up we go to 81.50-ish folks. For those who are short, proceed with caution. Just my worthless 2-cents.

 

What we don't want is for this market to drift sideways creating a bull flag, only to kick up towards the close and ultimately close at the HOD.

 

yeah, that was in my head too, but after looking at the numbers, I was convinced it would go down big.

I was hurt by my own conviction. oh well, one more lesson learned.

 

also keep an eye on 6E

 

Alright boyz, ante up.

Or could this end up as one more failed double-top?

 

Methinks we should reach 81 in no time.

 

My prediction (fantasy):

USD up
EUR + Crude down=good lesson to Arabs that wish to trade in EUR

 

This is absolutely recalculous.


I just bought back the other half of my SCO position. Maybe i can ride this pony again.

Stopping out around $82.

 

Or maybe not. It turns out to be damn head fake--or is it? We shall find out.

On that note, I would ideally short around here but I feel antsy about jumping in. Call it a trader-blindness.

 

Short 80.06

Alright baby, you may tank now.