CL Redux

thanks for the info, Picaso.

the wolfe wave up seems to be complete. if not, i dont see it going much higher than 103.25.

if the wolfe wave indeed is complete, then it should go below 101.22 next few days to eventual target of 100.25-.75.

good luck everyone.

 

cl short squeeze

 

You sure that's a squeeze? I thought a squeeze didn't lead to sustained buying. That crude certainly looked manipulated to me... drove it down like mad then bought it up.

I dumped my spread because I thought geopolitical tensions were subsiding. I looked smart over night and then wow what a price to wake up to!

Some suggest it is pipeline reversal. That can't be good for economy.

 

V interesting. Would expect that US light goes to somewhere near Brent which is trading at $111.

 

GM

everyone on CL Jan12? about double the volume

http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

 

January indeed. good luck all.

btw, i was off by 12 cents. high hit 103.37.

that was a nice shark pattern.

 

good call

you'll have to show us this shark pattern

 

out 100.89

 

here it is sir

http://www.trade-forex-harmonic-patterns.com/harmonic-trading-tips-shark.html

 

we now might be in CD leg of a bat pattern. if so we should test 101.68-102 soon.