Which, considering what it’s breaking out of, is really minor. Today’s gap up (on good premarket volume), the strength of the rty, nq... It’s all really bullish to me.
Yeah....damn near bottom ticked that one too. Oh well, was still plus for the day on both ES and the account generally (in spite of being very long on oil)
I got smacked a little bit by oil today too. I paid a little tuition the past 2 days trying to get long. I’m hip to it now though.
You trading on CL? I'm using oil producers with outright stock and options. I've just been buying the dips and selling the rallies, so I'm showing a lot of unrealized losses, but overall up a lot with the profit I've taken off the table.
I do trade the cl. I am mostly a macro positional trader. I try to hold no less than 4 uncorrelated asset classes in futures at a time. Pref 5. Right now, because there’s uncertainty for me on the direction of a few, I’m on the hunt.. too much of my money is currently in the equities. Though I like my position there currently. Man did cl turn bearish. It’s tough to see a bright light in that chart. I have a small line short there.
Continuing long here in the 2740s. Just no obvious reason for me to be short. Will be rolling to Sept contract soon.