CL Redux

This obviously applies too to when it's selling off and we're short and it's testing some whole dollar support level. But of course a lot of times it does bounce off of whole dollar support levels and doesn't penetrate it much at all or doesn't break through on the upside and it can bounce or selloff quickly.

 

Shorted 98.31
Covered @98.15 and now L 97.55
Just screwing around.

 

I can see CL colapsing back to $75-$80 from here in the next couple of months, looking for an entry.

 

The story of our lives. Obviously a couple of days ago was a good point.

BTW I bailed on my last trade and was watching a movie and am watching the 49ers and Giants NFC Championship game instead. Two good games today. Very close.

 

I see a new high for the year, I'd reassess my view below $95

we should see a test of this TL

 

possbile the dollar getting back to 81 near term

 

and cl dropping to ? stuck in that littlle 98.21-97.4 range

 

eur 1st supp 1 .2838

 

that's not nice, moderator leading ET sheeple to the slaughter


"ZR1Trader
$CL_F That Weekly Bearish inverted hammer put in last week has me looking for some longs to take money from."

 

EU Iran sanctions: Ministers adopt Iran oil imports ban

http://www.bbc.co.uk/news/world-europe-16674660


European Union foreign ministers have formally adopted an oil embargo against Iran over its nuclear programme.

The sanctions involve an immediate ban on all new oil contracts with Iran, while existing contracts will be honoured until 1 July.

Tehran denies that it is trying to develop nuclear weapons and says talks and not sanctions are the only way to resolve the dispute.

The EU currently buys about 20% of Iran's oil exports.

Meanwhile, the International Atomic Energy Agency, the UN's nuclear watchdog has confirmed it is sending a team to Iran between 29 and 31 January "to resolve all outstanding substantive issues".

Last November the IAEA said in a report that it had information suggesting Iran had carried out tests "relevant to the development of a nuclear explosive device" - sparking the decision by the US and EU to issue tougher sanctions.

Earlier on Monday, the Pentagon said the US aircraft carrier USS Abraham Lincoln, as well as a British Royal Navy frigate and a French warship, have passed through the Strait of Hormuz at the entrance to the Gulf without incident in the wake of Iranian threats to block the trade route.
'Substantial impact'

Under the new deal, EU governments are expected to stop signing new contracts with Iran when the ban comes into place - which could be as soon as this week, Reuters news agency reports.

All existing contracts will have to be phased out by 1 Jul