On CLH2 I've got a big volume spike but not on QM is this just because of exp? I know once I get long at 101 or 100.50 this pos will go right to 99
Although I trade QM too on occasion, I never noticed the volume comparisons with CL. Just never looked. This looks kind of weak to me. When the indices moved higher this pulled back a bit. I was surprised that we didn't get a bigger pop off the inventories number. Not sure what will drive the markets higher here. We could see a selloff on some more significant bad news. Interesting that they seemed to totally ignore the World Bank's concerns yesterday.
When will the US attack Iran? I went long at 101.95 early this morning. I thought the inventory number will push the price to 103. I need some outside help from the US navy, desperately. I will average in more contracts if it drops to 99. I expect some limited war breaking out in Iran and oil price of 135. This is it! I will blow up or make lots of money. All depend on a US attack on Iranian nuclear facilities.
Famous last words. Haven't you heard? Israel and Iran worked out their differences and are forming one country. When you trade off of what you "think" or "expect" you get in trouble.
We don't need war to go higher. ES going to 1324-1350 by middle of feb is not next week which will take CL to at least 107. Ahh but what if ES goes down right now? Trade is loser. What about the dollar? Doesn't even seem to matter any more. This says it all... below 100 short at will above 100 buy buy buy.