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CL Light Crude Analysis TPO/MP/VWAP/VPOC


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CL Light Crude Analysis TPO/MP/VWAP/VPOC

  #1031 (permalink)
 
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 Brutus 
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Surly View Post
Too much downside risk to be buying IMO. of course, anything can happen but there is 92.00 down there that could easily get tested as it was after the close yesterday and overnight.


I like the 92 zone as well. I'm more bullish than you, looking for a reversal today 95+ soon

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  #1032 (permalink)
 
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Scalped back 13. Done until PM

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  #1033 (permalink)
 
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Was offering .72 - missed me there. Now waiting but looking to sell if I can get a trade on w/in my risk tolerance.

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  #1034 (permalink)
 
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Brutus View Post
I like the 92 zone as well. I'm more bullish than you, looking for a reversal today 95+ soon

Yes you are! I think we're headed to 90 within a week and possibly 86 but that might take a couple-few weeks.

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  #1035 (permalink)
 
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 Private Banker 
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Had to scratch that runner on the long and took the short from yesterday's low (F period). Bernanke is talking this market down.




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  #1036 (permalink)
 
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Waiting for the dust to settle and see if this is a C leg or the real deal.








Prior fib was a guess before the final push. changed a few cents

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  #1037 (permalink)
 greenr 
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" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #1038 (permalink)
 
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 GaryD 
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You're not helping me any


The sound of his voice is enough to make me get nervous...

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  #1039 (permalink)
 
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 Surly 
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Ha! I think what Bernanke's saying is completely correct given that he can only work with monetary policy. The news stories are mistakenly calling his actions a Fed "stimulus" - stimulus is the wrong word because its a fiscal policy term, not a monetary policy term. His admonitions to congress about fiscal spending cuts are right on.

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  #1040 (permalink)
 
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 Surly 
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btw, I'm short again from .40 with a relatively tight stop. I still think if we can't get above the open here we're hitting 92.

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