CL Redux

WOW this is getting bloody literally

 

g'morning all.

i'll be going long around 80.15.

 

gm dc.


long 80.32 out 80.78. will get whatever can get kind of day

 

will short 81.14

 

80.25 to 81.20 is more than short covering. will see. 81.90 is micro resistance

 

Filled and stopped immediately for -10, slippage terrible on that one

 

But well read.

Probably a 5% day demands a bit wider stops. Edit and/or some prudent cutting down in size.

 

Good old US $ strength took out air out of commodities and market across the board. GC down another $67 and so on.

Risk On Vs Risk Off.

 

It's tough for hedge funds, pension funds etc.. to deploy capital based on fib numbers, Volume profile etc...

But whatever methods one use, they do provide plenty of levels to trade.

 

Looks like 80.25 bottom for today, if 81.90 gets cleared.