Looking for a short at the 102.84 level if we can get there. If so, would play it back to 102.43 area.
Short with a long hold time. added to short arond 102.80 on bounce from 102.60 area. Cover some 102.21. I like to start every day fresh. Today A down confirmed , so i plan to reshort any bounces to 102.80 to 103.20 area. Otherwise holding runner to see where she goes. Beyond 100 ticks move, i typically try not to look too far into the future but 101.50 will be nice.
Out 102.13 yesterday. Today is a new day and see what's in store for the day. CL continued to show weakness. Short 101.98. Cover 101.54 and waited for NY open. reshort 101.60 area. Reduced position size after 15 minutes . Cover 1 100.14 and oteher 100.10. No longs , yet. Buyers need to show up. Will short 100.80 area into bounces if price move back up without conviction.
Looks like a move of conviction to me. Will see if longs make sense on pullbacks around 101.70 area. NOTE CORRECTION: Previous post should read cover 101.14 and 101.10.
New sanctions against Russia from Europen Block put a bid under CL. Not good for equities. I buy this more than a move based off some pattern. News is not confirmed but traders react first and ask questions later. Long 102.02.