CL Redux

stopped

 

got out 99.52 area and reshorted 99.68. Out some 99.10 and no longs till buyere show up.

These 30 ticks bounce in between have been DEAD CAT bounces so far.

 

98.80, 74 looks interesting if you're a fader. There is a nice cleavage and vpoc in the area.

 

IV is actually down from this morning

 

seeing same with a wide nip below, market profile for smaller marks in cl, due to thinner markets ,are hit or miss, they are in all markets ,but more so in thinner, large moves(8 pts here) take large nips to find size buyers

 

I'm getting long vol and slightly short on price again. The dollar seems to be breaking out and I'm just going to ignore today's inventory #s

 

When are we rolling from Aug. to Sep.? Aug. still have more volume, but not by much...

 

CL caught a bid on Russia Sanactions. But i am not going long till some nice pullback.

Started shorts with small size around 102.30.

 

Took some off and added to shorts as CL kept drifting higher. Still trading August contract. TOS automatically switches over to new contract.

 

Out flat 102. CL moved too quickly for my way of trading to try long. I want consolidation before trying long.