Daily Crude Chat

today it could be earn both on short and long

 

not could, but realized

 

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AS if all or most run thier business less on cheap fuel ;
State FARM mutual funds figured that mean$ more money into stock funds/ sounds right.
Regardless, its a bull market SPY/ SSO/QQQ/QLD you know........................................................................

 

#CL Short
Supply on Asia session--break up with Demand--Test High, Demand dried up--Pullback(test breaking zone, no demand)--exit down(Supply>Demand, but no critical Value)--Pullback(test breaking zone+Pattern124). No demand.


#CL Long
Movement down--Supply>Demand, but not increasing to much--Huge Demand, Easy movement

 

unexpectedly the short worked.

 

#CL Short
after news there was a demand, but it dried up. After then a supply appeared.

 

lol shorted at bell closing with u contracts at 81.68, and closed in less than 30 minutes later at 81.50, milking the summer waves.

for cl, i don't use fancy indicators, just a simple macd on 60 minutes chart, and fib on daily with macd. but make sure you have enough liquidity to buffer the drawdowns.

 

did it again, u contracts, short 82.14 this morning and exited at 81.47, which was the day low.

 

what contract do you trade.
I have today this

 

CLU24

I trade different expirations so I can both long and short at the same time.