Gunjack, Catnip no position at the moment. Resistance held at 95.80, should it break could run to 102 area again. Imo. Looking to short, placing a stop at 96.1, in Asian or early London trade.
@Jacek There appears to be strong support in the high 80's, also the S and P is finding support at cuurrent levels, if it had broken 1250-60 by now i believe cl would be going lower as it is there may be a rally in the S and P to below the recent highs . Imo the sell off due to IEA, may be due a correction at the very least.Time will tell. If it does go lower,much lower I am a long term buyer/investor. Technically if pigs crisis gets out of control it may go a lot further lower than most 'analysts' seem to think. Dave O would have a better view on that.
Yes, Do find Dave O comments very good and everyone else. To give credit where due Gunjack does be pretty spot on with cl. Good luck with your trades. Juno1
Jacek, traded the euro etc but nearly got caught with the what most traders including myself with the perception that the dollar couldn't slide any lower around the new year. Thanks to Ignore who corrected my view at the 13650 level, and pointed out the 8ma.Prefer cl and natgas to forex . Mind you i do enjoy the banter on here. Good luck.
Thanks jacek , posted on the wrong thread ealier by mistake, read a similar report earlier with a contrarian view that iea had shown its cards as it were. Keeping a stop below todays low and see how it plys out for a correction at least. Apologies to everyone for posting on the wrong thread. Good luck.
@ Gunjack , well done. Don't use options, but currrently 620 pips running. Holding short on the S&P, counting on it breaking 1250 thus taking crude lower. Have a good weekend Juno1
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Taking a short on SP500 here, i see volume was light on this rise , maybe another push tmw before a drop.
Resistance held at 95.80, should it break could run to 102 area again. Imo.
Looking to short, placing a stop at 96.1, in Asian or early London trade.
Good luck with your trades.
Juno1
Good luck.
Have a good weekend
Juno1
I see a gap at $87-89 , will it close it ???