thought i'd attempt to start a thread on CL dedicated to technical analysis, since most CL threads consist of baseless opinion/emotion and justification of ones real or imagined positions in CL. ideally, if this thread gains any traction, i'd like to see commentary not only on CL technicals, but also those of oil drivers (ie: currencies, for one). yes, there are geopolitical forces that can and will trump any t/a if the event is significant enough. i do believe these events warrant discussion in this thread, but only as they pertain to technicals (ie: focusing on how CL price action reacts to bullish or bearish news). my skin in the game: i am a technical trader who, for some inexplicable (and ill-timed) reason decided to pick a top in CL and shorted @ 124. rode it like an idiot with no discipline to 135, took 1/2 off when it went back down to 126 and continue to hold the short now until this trading range is resolved. so, yeah... got my dick handed to me for ignoring the charts- part and parcel as to why i have started this thread.