CL Redux

we got a flavor of Config. 1

but the up move was very steep. Seems strength in equities helped.

for Retrace it seems
target 1 is 109
target2 is 108.75 ( resistance point before this big upshot ) , this may be Low for the rest of the day IF we get there at all

some other ideas on Retrace Targets please ...

 

Took the stop at 69's. Net trade was a -3.

 

reverse Long 109.70

 

ND - unless it varies by broker/software, as soon as that price is touched, your order should turn into a market order. Of course you know the potential slippage involved when sending a plain vanilla market order.

http://www.investopedia.com/terms/m/marketiftouched.asp

 

Well it's good to know that I've had my chart on the wrong tick size all morning. :eek: The chart makes even more sense now! I wouldn't have even taken that last long in the first place if I was looking at this correctly.

 

109.45 a key support level for an upside continuation in this channel.

 

I see 2 gaps on 5 min chart , do you guys see which is unusual ?

 

Volume is on may now.

 

doji on 60 min chart. let's see if it follows thru.

 

out .60