What happened with CL ? Big move down

I'm drinking Old Grand-Dad to recover from an afternoon celebrating Mother's Day. What are you drinking?

Have you checked out the "Stupid Fucking Dumb Shit Retail Trader Forum"? It's where we all go on a Sunday afternoon.

Not much reasoning, but the profanity is awsome, and gets better as the night progresses.

I use to enjoy it a lot more when the stock market opened at 9:30 est, but now I trade forex and have to be alive at 17:15 Sunday afternoon.

 

SMI and Xspurt,

Thanks for the interesting details.

 

My pleasure. Here's a bigger context...

 

A perfect example of how TA works in a perfect example of what others saw as a perfect example of crap TA. A perfect Pattern, perfect signals and perfect target zone.

Sweet TA

 

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And increased sell volume can change an uptrend.............

 

It is the Iran settlement talks.

These could fall apart at any moment and CL will rocket upward.

I doubt it can fall too far meantime because the risk is there.

Of course we also have the Euro fall and Chinese growth reduction as well.

 

more sellers than buyers............
no bull.

s

 

who are the sellers selling to if there are no buyers?

 

I have a laptop now. I'll never use a mouse again.

 

Isn't it accounting 101.

Debits = Credits

Buyers = Sellers

It's just that buyers aren't willing to pay more in this current environment.