CL Redux

Yeah, looks like we have some short covering here. Guess this was the Fed bond purchases maybe. http://www.marketwatch.com/story/fed-buys-189-bln-in-bonds-treasurys-stay-down-2011-02-16

 

Closing this one out at 85.33

 

Great trade my man.

 

Long 88.07

Stop 86.90
No PT just yet.

 

above 8559 its manna from heaven

 

Thank you, Iran.

Now looking to short if it breaks 85 again

 

My TP @ 85.49 was a nice end to the crazy hold during the news.

 

Is that what this is, Iran? Thought it was the Fed bond purchase and the USD selloff. Maybe it was both. And a relief rally after a substantial pullback.

 

Yeah, really.