CL Redux

Hitting for the moon... but I feel we're running out of air, passion, love, fill-in-the-blank.

Short 57.23

Looking for 50-cents gain.
Dump after 15-cents up.

 

I doubt they will hold their profit into the weekend. Hence a selloff towards the close very likely.

 

Add 57.11

 

Unlike day trading ES, I will swing trade CL. The orders are as follows:

Long entry: 20.23
Short entry: 21.07

Stops: 1.00

 

Long entry filled at 20.23

Target 21.75
Stop 19.23

 

OMG! Check this out!!

 

Long or short? We're seeing HIGHER LOW on the daily and we're banging against the trendline. However, I got burned back in November (higher low back then too), thinking it finally turned the corner only to see it reverse on me.

 

3rd time's the charm

 

Yeah, but CL has a lot of tricks up her sleeves compared to other instruments. Too many damn fakeouts. However, unlike the previous false breakout, we're basing in a range. That's a good thing IMO. Once we break out of that range, I think we have a good shot at reaching 93.

 

Short 76.50
stop 78.55

Gonna see if this dog will crack under that trendline.