CL Redux

We're heading right back down IMO. Chopfest continues.

 

There's been some short money to be made, but 80% long for me today.

 

we'll see in 15 mins .

 

That was a pretty weak b/o of the high, but as they say, anything can happen (especially with CL) :eek:

 

Long .29 off the 20-bar EMA

 

I guess oil will hold this BB(20,2) mid line price 87.45 for week end close (by friday close ) as it is holding for 22 weeks on this weekly chart

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3086774" height="500" width="700">

 

long 87.25

 

Out .27

EDIT: I think that was the first time I entered with a limit order anticipating a level.

EDIT MORE: I like entering with stops better

Flipped short @ .26

 

Close short 87.20

 

Very nice.