CL Redux

Add 104.85

S/L @ 105.05

Strong bounce!

 

Move above 105 should be a barn burner.

 

why does it always seem like we are at important levels at lunch time? Somebody tip this thing over so I can get short again at 105.50.

 

Why such a strong move - i know Obamas talking about energy - but anything he said in particular to move this.........

 

Are there no more shorts left to squeeze?? That was pretty weak.

 

Short 104.90

 

http://www.marketwatch.com/story/text-of-obama-speech-on-energy-2011-03-30

All these govt energy plans are 10 year plans

 

Short 104.95

 

a possible f/u candle forming on 60 min chart. needs to go below 104.70 to confirm.

 

Crazy - so at the very least I would have thought we'd trade sideways. All these initiatives (albeit) long-term, coupled with bearish inventory numbers (bigger build then expected/previous) and we still rally strong!

Maybe a sell-off in the last hour/half hour............