Strictly going by the charts, CL is on the verge of turning the corner. Initially, there will be a retrace back down to as low as 44.50. That's a good thing and it ain't a selloff as you might think. Once that happens, place a buy stop order just above today's high at 46.80. Price target should be around 49.50-ish. You can buy me a beer when we get there.
Thanks, but I don't trade. My models do. Even if GOD came down and told me where oil was going, it would do me no good unless I could code the movement causation logic. The oil model is somewhat disappointing me. It was magic for a long time, and now it is almost good enough - instead of leading where oil would go, it now follows oil. The precision is uncanny, but lag is useless. I am in the process of investigating where my system is going wrong. The resolution of these things almost always educate me immensely.
nitro, i trade (actual)vol futures but as flies ..but because u are posting vol trades it gets my interest. please tell me your synthetic OVX short from 41.69 was covered or somehow offset seeing that the OVX is today trading @ 66.14 ??
nitro , i'm curious also seeing vol is my trade also...you ignoring his posts seems to me like you are just here to talk. did you ever take any trades at all? having reread i see u posted long ovx, short ovx then when he question u that ovx does not even trade u switched the trade to a synthetic equiv but still quote as if u are trading ovx. there is no syn equiv btw that matches ovx 1:1 whats worse is the paper trade is still short from 41.69!!! i fail to see why so many posters lie, what is there to gain? even more amazing is that so few see the absurdness of the posts..oh wait i can answer that!! they do not trade enough to know what fos u are. i should have known when another thread u were short ES from what 1100 posting nuke bomb pics (those especially hurt me for personal reasons) was moved to chit chat! again, i ask; why make stuff up? having people follow you and talk is the goal?