Long 72.63 be one tick from being stopped out traget 73.40-ish [edit: target - ducking fislexia!) Will add twice (if I'm not stopped out before ) Playing it tight, though since I'm forcing my entry a bit after missing oh-so-many-nice entries all day long Stopped out at .72 while trying to add at .76 (and move stop to be of avg price).
Now here is my question for tomorrow market. We are expecting the worse in terms in of Job numbers, being the market is so negative, do you think it's already price in this 72.00-50 range, or we have room for more downside tomorrow. Thanks.
Given the indecision, why trade directionally when you can place positions independent of market direction?
If your expecting the worst then just be ready for a surprise number Todays Cl chart looks poised for more downside. Maybe to the 70 level over a few days. just a guess, have a good evening
The daily chart looks very heavy. If you're a swing trader who's short from Monday's lower high on the daily chart, or from yesterday's downside breakout, I see no reason to take profits yet. But if you trade intraday, just trade either direction based on the price action. Unless you're like me and have an extreme short bias. Which works anyway because there are just as many decent shorts as longs in CL on any given day. I actually went long a stock today and nearly gave my trading roomies a seizure