hey guys well I don't know about you guys, I'm looking to short the CL around the mid $65 next week. Am I crazy !!! maybe..... anyways , the blog is updated with analysis for next week . Enjoy the rest of your day and have a great week cheers www.liofmc.blogspot.com
Well I'm usually more conservative with my stops, I would normally put my stop @ 67.10...but i find it too tight. So for this week I'm risking a little bit more money. If you don't mind Old Trader, what is your play for the CL ??? cheers www.liofmc.blogspot.com
I'd be a buyer of weakness, provided it sets up right. I don't have a weekly trade like you do. I don't trade like that...I'm much more reactive to what the market does. About the only thing I'm not will to do at this time is short the market. That isn't to say it won't work, or that it may not prove to be a smart trade. But the least we can say is that the trend is up, and that therefore shorting the market is a counter trend play. OldTrader
Does anyone here trade crude future spreads ? I started recently taking a long position in the 3-4 and 4-5 months which were pretty tight. I am trying to find out more about what's behind the behaviour of the front month spread vs. the back months.
No Play for me next week. Will be on the sideline. I truly believe oil will trade sideway. But once again overall direction is UP. The blog is updated. Have a great week and good trading. Cheers www.liofmc.blogspot.com
Thanks Old trader..... you guys see what happening right now!! thank God I'm not trading this week. :eek: www.liofmc.blogspot.com
Despite the sell off this week, oil is trending up. I'm waiting for the break of the $65 level to go long. The blog is updated. As always enjoy the rest of your weekend and good trading. Cheers www.liofmc.blogspot.com