CL Redux

Indexes should be interesting today. Looking for some good moves.

Good Luck all.

 

But you missed a tick!!!

Loser... (totally kidding - nice trade)

 

Oh Yeah? Well I re-shorted @ 81.22 and held through the RETEST of that low before exiting @ 80.86, because I wanted to let my winner run. So there!

 

BTW, this is some REAL price action today. Did yesterday suck or what??

ADD: I'm stepping away from my desk now...

 

Hurry, the bell is coming!

 

Whenever the dollar drops like this, it's hard to tell how oil will react..

 

High unemployment => extended low rates + more QE

=>

Bad for main street, but awesome for Wall Street ?

 

80.80 - 81.00 so far a resilient SOB

 

Down to one contract. Since last post covered more at 8105 and 8095
.. Ending up rolling into a es short at 1119.25
To me it looks like its everything is going to crater today.

 

Nice trade, K.

It's funny how when euro was going through the rough and shorts were being hammered in the ES oil made it to 82 and stopped on its tracks and then yet again when it made it back to 81 bounced up (proportionally way more than equities).

Distribution? Accumulation? Undecided position traders? Symmetrical automated systems fighting for fills?

I know, ignore everything and just watch the damn chart