Why CL going higher. It's going higher because pit traders sensed bearishness of lot of traders on CL and market like to inflict pain on majority of the people most of the time.
Probably a mistake. I don't really understand this up move and doesn't sound like other traders do either. So a possibility of a major up move overnight/tomorrow. May go long....
it might possibly due to this: http://tinyurl.com/3d77rwz last time this happened, it sold off the next day. let's see what happens this time.
in China, 8 is supposed to be a lucky #. i got 4 of 'em. let's see how it plays out. i'll probably hold it overnight.