NYMEX:CLM2013   LIGHT CRUDE OIL FUTURES
243 2 0
Full Disclosure: Take with a grain of salt, I am still a novice trader and make mistakes, but that is how we learn.

Possible Inverted HS confirmed by a pickup in volume on the right shoulder. Bearish inventory levels continue to put pressure on prices although middle east tensions could cause prices to break through the $97 resistance. Sharp move higher into the upper BB could use a back test of the neckline or at least some consolidation. China CPI             number Wednesday could be a catalyst either way (I personally think lower) but will have to see. Long may 18, 33 USO puts from lower levels holding for a loss, will sell to close them w/ decisive move above 97 or will add to puts looking for lower prices depending on price action tomorrow. Looking for possible retest of neckline and breakdown. Or breakout above 97 from these levels. Just my $.02.
BruniCharting
3 years ago
Sold to close 2 May USO Puts for 31 cents bought 1 June 32 put for 61 cents. Net debit of 1c. Need more time for this breakdown to play out. Inventory numbers in 5 mins might be baked in if they are bad, will have to see.
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BruniCharting
3 years ago
Did not break the range as soon as I wanted, so it was mainly kept on as a hedge against my IWM puts and VIX calls. Expired worthless, w/ losses offset by gains in IWM and VIX.
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