CL Redux

If I'm not mistaken, the analysts were touting $90-$100 oil last week. Those wily analysts, sure know how to call major pivot points!

 

sim

short at .12 via stop at .13

Maybe I should get CDS against my trades

:11 stop (hard stop was 20 ticks) to be

Looking for 80.60-70 Jan

:16 trailed stop (once) to .79 and got stopped out at .79 (+33 ticks)

I had the feeling it still had one more push, but the last 15' are like playing the lotto, so...

 

Yeah, they reminded me of those $200 predictions when oil was at 140-ish and about to turn ("buy the dip, buy the dip").

But I'm surprised at how fast we're falling and particularly at the seeming lack of correlation as of late between euro, gold and oil.

 

Long 80.89 add .50

 

long at .90 at 50 day ma will add at 78

 

I didn't trade this last short signal @ 80.74 because I thought it was too low to short. OMG!

ADD: That would be the Dec contract, BTW

 

Please allow me to rub in your face my 330 sim-bucks

(I thought the same at that failed breakout from the lower range about 40 minutes ago: "Nah, it's going to bounce back up [as it did at first] in 20 ticks").

 

What kind of signal did you see at .74? do you mean November? Im confused.

 

RA, that would be 81.13 in your Jan chart, a break of the previous LOD. A typical Nod-o-trade.

 

Time for a Turkey rally through next week!