I'll let you know once I pocket my chump change or get stopped out. Barring any unforeseen macro events over the weekend, such as war, terrorism or sudden hurricane out of nowhere, I feel pretty good about this trade. One thing I noticed as CL was approaching the close was that it didn't fall as much as ES or other equities. Perhaps it's following in the footsteps of Euro but I feel there will be a sharp correction should it decide to catch up with ES come Monday. Another prominent eyesore, if you happen to be a bull, is that none of the three previous days closed up above the trendline. I think that should serve as a warning sign. <center> <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2898885" height="500" width="700"> Click to englarge <center>
Yeah, I saw the huge airspace between 75.21 previous support and 74.25 and was filled with glee for a brief moment as price jumped nearly to 75.21. I couldn't take most of my early signals due to connectivity issues