NYMEX:CLV2015   LIGHT CRUDE OIL FUTURES
After waiting...we are long Crude (WTI). We like the potential of this trade and are looking for a larger than normal first target. We will keep this on a tight leash. In lieu of shorter targets we will move our stops up as we gain more in the trade.
Now we're nearing 1st target on the way down. I covered my short at 45.50, are we really going all the way back to 42.90 or can CL catch a real bid ( not a spooked short-seller covering position) at 43.67 or somewhere above 44??
Reply
OffTheFloorTrader CoolCreekCTA
Nice trade CoolCreek...This move shook a lot of shorts out of the market. So they be less likely to get involved on this pullbacks. We will keep a tight leash on any trades long...you never know with Crude. ;)
Reply
CoolCreekCTA OffTheFloorTrader
You said it. #Historic; I'm watching to see what is next. Feeling bottom for the day is around 43.65. Not ready to enter any trades yet. Last 2 days were exhausting, need some sleep. Good luck!
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OffTheFloorTrader CoolCreekCTA
Thanks...you as well!
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CoolCreekCTA OffTheFloorTrader
I sold CL today at 47, covered at 45.34. Have not seen a new chart from you lately. You can see some of my trades on twitter, @jackwestfield. I'm tempted to buy here at 45 but I've turned bearish on CL so prefer to find sell opportunities. How are trades going for you?
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OffTheFloorTrader CoolCreekCTA
Hi CoolCreek...nice trade! Check out our most recent posts on Crude. Crude is consolidating hard and when it breaks should run wild. We are watching it closely and wait for the break first. I will check out your stream. Trade well!
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Thanks for quick response, i saw your post yesterday only.
what will be next move of crude ?
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We will have to wait to see how crude plays out from here. After coming this far in such a short time frame it needs some rest. We are anticipating a sideways to down move over the next few days Then we will look for areas of interest. Check out our posts coming up to see our analysis. Thanks
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NEARING SECOND TARGET.
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Hi Amby...targets were hit. See our last post. Hope it was a profitable week for you!
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