crude catches a bid rallies $1.00 or so after the shorts see the black swan spoos doo - doo glad I smelled it before they did
Thanks to tonights trading I have been able to have all my $100.75 to $98.75 zone covers tagged.....oil is now trading in a very large zone of stops.
Well this area played out to the "T" ...... all those stops were blown out and we accelerated as LONG holders capitulated in an "at market" head to the exits mess.....you gotta love the price action!!! Come on baby....lets see the $85's by Friday!!! :eek:
Well I bought someone's contracts with my $147.75 SHORT entry position covers from $100.75 to $98.75......the $98 to $100 zone LONG holders were selling out to flatten while I was buying. This zone should now be our first level short term resistance area.....we will see.