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HK_L61
Dec 3, 2021 1:19 PM

CL - Oh My 

NYMEX:CL1!1D
Crude Oil FuturesNYMEX

Description

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Crude Oil is Dangerous, as CL defended Micro Support.

It can retrace prior to the Next Sell

OR

It can implode to 57, we believe it will, just not yet.

________________________________________________

USA and OPEC are in no way increasing Production, pure
comedy at this point. The Press Release was a convoluted
amalgam of nothing.

No Change in Plans, but our Plans will INDEED Change.

400KBPD over/under was used to Squeeze.

"All is well or appears to be - so we'll let ya's know in a
few weeks as we intend to keep the meeting open in
perpetuity".

Idiocy, convoluted idiocy.

Simply Put, they will be making Cuts, but need price
far more stable as we don't want $20 Crude Oil.

Which they may well see.

__________________________________________________

Extreme danger here, we got cute buying the PO Yesterday
and were not around to manage so we closed after 133 Ticks.

It reversed 500 off the lows... a very large Squeeze.

68.68 PO has held into 8:30 AM EST



Comment

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U.S. Secretary of State Antony Blinken Today - "The latest round of Iran nuclear talks ended because Iran right now does not seem to be serious about doing what is necessary to return to compliance with the Terms of the Deal."

Iran sells their Oil to China at a Deep Discount to Global Markets.
Trend AnalysisChart PatternsFundamental AnalysisCLCrude OilOil
Comments
HK_L61
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GAP Fill possible
Ranvir101
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@HK_L61, Thanks! closed that one. shorted @67.60 again. gapfill till where? new PO? will that be 0.382 which is 66.38 ?
Ranvir101
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@Ranvir101, Nevermind I am out of my 2nd trade.
HK_L61
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@Ranvir101, It will Fill it... SOLD 67.12 after closing 48 On FR of GF.
Ranvir101
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@HK_L61, when you say fill it, do you mean - fill it full back to 62.40s ?
HK_L61
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@Ranvir101, Prior Close... Fill, Simulated PIT(s) Fills already occurred.

2;30 PM EST Close being the important Pit Close.

Of course, Open outcry no longer exists, simply a Ghost in the Machine ALGO Programing.

ALOGs violate on close routinely.

AS well the 55/85 Price Pivots...
Ranvir101
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shorted @68.80. trying to estimate price objective for this day trade. any idea?
HK_L61
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@Ranvir101, .500 to .764 for now. Lunch is when it sells to Gap Fill
darksideofjames
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and what a squeeze it turned out to be...
HK_L61
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@darksideofjames, 11 - 12:30 SELL will develop

traded .618 @ 69.22 either fails at lunch or squeezes to 72
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