ES Journal - 2019/2020

Wow, oil kept hitting cb.

 

Anticipating the LOD (if not already) at 2754 or finally 2727 for a strong move higher.

 

From the last EIA report, the SPR has 150 million BBLS remaining. So it will fill up in 75 days @ 2 million BBLS per day.

 

Stopped out of the remaining position. Good trade, but damn it went from 16 to 14 pretty fast.

 

It could swing both ways on the chart. Still shorting this spike downward for now. Likely range bound until next leg up.

 

That's too bad....the 16 level held for about a nanosecond....LOL. 13.60-80 level held pretty well after the EIA report.

 

Yea, was on a call so can't manage the trade. Was looking to buy lower, but too late. I think this could go back to alot higher. It's volatile and tradable both ways.

 

The battle for 2783.50 rages on.

 

I might bite again if it retraces to 14.50.

 

It could go up another 30 pts before reverting, so I will trail short in higher.