CL Redux

As the 6E drops crude is holding its ground, but 6E ES are very weak.

Maybe a new high on CL with the ES 6E pullback?

 

ive just been watching the UUP, looks like dollar strength put the brakes on that move up, but buyers are still stepping in and holding her up.

im thinking the next move out of this sideways chop will be to the upside

 

Out 78.12

 

I can't figure it out. Why the disconnect all of a sudden? The only reason that I can come up is that CL hit the previous major support level yesterday (and today).

 

I don’t know either, but I figure the dollar strength arb gives a good opportunity to accumulate at these prices without putting the price up to much on yourself

 

Short 79.85

Crazy I know.

 

short @ 78.80
If it breaks .71 it might be good for a down to .60

 

or not out @.90

 

Stopped out 79.06

That's it for me today folks. It's been a bruising day.

I should add that I was pretty bullish going into the open, as you can see from my earlier trades, but I couldn't nail the timing nor was I willing to sit out through the whipsaws. One hell of a frustrating day.

 

if u look @ hr chart there is a bull flag hope it clears 81 within week.

problem is when to buy and when to sell

miss todays rally