CL Redux

short CL 7670
stop .2
target .4

 

You know 7670-7680 is the 200day ma

 

stopped

 

you need some basic idea about " the zone around the data". if bullish, bought the support with tight stop. I did that on NG too, very productive. beyond that zone, leave the market. when everyone knows it or gets it, the market will be fuzzy, I hate it.
I am flipping some stocks to play now. done today in crude

 

??

I don't see that:

 

Its not on my charts either but according to 3 different sources its 7670-7680 is what they are seeing.
One example:
http://countryhedging.com/getdocument.asp?key=13897&type=PDF

 

I think that they use the continuous contract, you're using July's, hence the difference.

 

looks like they are referencing the cash not the futures



edit: what Sarvise said

 

They are not the only one. Google " crude oil 200 day moving average" and you will see news report reffering to it

 

Cash, continuous... potato, "potatoe"