CL Redux

V.P. Biden on CNN commenting on Egypt.

 

Anyone think we take out 85.00 support level?

 

Long 85.21 , add 3

 

Trying to hold S2=85.16. DX pulling back.

 

Close will be 85+ today

May be 83 level Monday

 

: "It's the smugglers blues...!"

 

Funny, I was looking for 83.50-ish as the low for today. But as long as we can close below 85.50, I feel that the downside momentum remains intact.

 

Tried a long but felt too weak and I bailed at 85.30. Feels like it has another leg down. But maybe not as we've had a huge pullback off the HOD. We'll see.

 

Starting to get late into Friday trade too. Some traders kicking off weekends around lunch hour imo...

 

You always mention the Friday issues. Good point. Also not sure how many want to be short over the weekend with all the instability in Egypt. There are all of the good feelings now, but a lot to resolve.