I do believe CL is going to eventually kill me. Is that possible? I am long until and unless this thing breaks 73.50.
Ok i lied. I couldn't pass up getting out at even on that bounce. Buy order in for 73.98 if it drops that low again.
Accumulation has been occuring below 74.00 everytime we have traded below it. Unless the accumulated longs bail, this thing looks like it could rocket on up. Just started watching the QMs a couple weeks ago so lets see what happens.
Usman, you should start covering your shorts, I don't think it will drop, it looks like its heading higher.
Profit Taking rather than accumulation took place below 74.00. Consolidation here was a given and any direction market has to take will place max by tomorrow and most probably today