When I started trading CL I sometimes despised it's ability to run stops no matter where you put them. But I learned to accept that is what it does, and now just respct it.

That last push into the 104.30s was still not anything that scares me from the long side of this market, and in some ways supports my view. I am going to wait now for the EIA, with 25 minutes to go.

[img]https://nexusfi.com/v/wst73x.jpg[/img]

I do not have everything I want, but this is more from a lack of response...

[img]https://nexusfi.com/v/8bwmba.jpg[/img]

closed +45

[img]https://nexusfi.com/v/u9ymu8.jpg[/img]

futures.io (formerly BMT) could not be accessed for awhile.

I took an 11 tick loss, then a 35 tick gain in between, all long.

I almost shorted this at 106.00 but I am not going against a market that is pegged to the ceiling. I may buy a pullback into the 105.30 area, but may also be done.

I;m not seeing the participation of a real move. I see a market everyone expected to break lower, and it didn't, so they got out. And that move scared it's way up.

The ES is flirting with the 382 retracement of a minor and major double top, and I am guessing that is taking some of the steam out of CL.

[img]https://nexusfi.com/v/xk4z9w.jpg[/img]

GaryD 

futures.io (formerly BMT) could not be accessed for awhile.

Yes, there was 16 minutes of down time from 11:28 AM to 11:42 AM on Wednesday due to a database problem. I am going to try to address it this weekend.

Sorry for the trouble.

Mike

Mike