CL Redux

Actually, it ain't lookin' so hot for the bulls right now IMO.

 

So since the open we have really only built value above .20, which is yesterday's vpoc. Above that, since inventories we have only been above .70, which is near yesterday's VAH, and we have stayed above VWAP all day long so far. Objectively, this is bullish. Seems like we need to go higher. My gut says a drop is in order, but what I see says that high probability is still to the long side.

 

out flat 89.86 - long from 89.76. dxy kkps on making highs. if dxy gets above 76. real pressure may come for cl and es.

 

damn cl was just waiting for me to get out (lol)

 

I am looking to buy .90-.96

ADD slam down too hard there, no trade for me. was looking for it to stay above .90 to be bullish

 

dxy above 76 showed its hand. short 90.12 cover 89.54

 

for me bulls have to clear 89.80 to show strength after this pull back.

 

short .49

 

Out .28

 

nice trade. i took the short trade from 90.15 and just covered at 89.15. all i gotta say is ACD rocks!!