CL Redux

Brother, you sure ain't alone in that category.....in both counts!

 

Trend line stop sign ...

... and all (Road)mapped out from 9:05am est. Ahead of time, as usual

 

Sell nov 80 puts right now!

 

Doing a little short at 80.72 and stop above 80.8x, looking to take the loss or hold for the day. Will trail a mental stop as PA dictates. I have a buy limit at 76.69 just in case I get lucky

 

Took my loss like the good loser I am. I stopped out on the poke through this little trendline and I was gearing up for a nodoji style bopb, but Zooooom! price moved faster than I could think, let alone point and click

 

Anyone here trading CL today ?

 

FYI, UWTI (3x long crude oil ETN) had a huge volume spike.
8.9 mil shares traded today vs 436k daily average. Dead cat bounce may be in order...

 

First break of the down trend line in CL since the September consolidation range. Loving this volatility!

 

Cheap MTR setup?

 

Let's see what happens if we get to 51.27...could be another repeat of September. Goldman Sachs just recently predicted $39 oil when we were at $43 something and they've been a notoriously solid fade when making calls at major multi month highs and lows