CL Testing Support...Break or Bounce?

Discussion in 'Commodity Futures' started by zghorner, Aug 10, 2022.

  1. zghorner

    zghorner

    Just for fun, what's your prediction on the direction of oil from here? I'm betting it will bounce and work its way up to ~$97 over the next week. If wrong and it breaks I'm reversing position expecting a decent drop.

    upload_2022-8-10_10-17-36.png

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    CannonTrading_Ilan likes this.
  2. clown Kuppy the tout, talking $300 oil a few weeks ago
     
    zghorner likes this.
  3. zghorner

    zghorner

    who?
     
  4. SunTrader

    SunTrader

    Long term, beyond today that is, is not my thing ;) but with risk-on back in play a bull move kinda makes sense currently. Though $94 area might be a tough nut to get through first.


    I went short earlier for 26 ticks real short term too - 42 seconds. :thumbsup:
     
    zghorner likes this.
  5. i went short at 92 and covered at 88

    so easy
     
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  6. Handle123

    Handle123

    Am long term short, taken many trades to find recent highs, add on steep retracements
     
    beginner66 and zghorner like this.

  7. kuppy say 300, you in trouble
     
  8. schizo

    schizo

    I went short at 129.70 and got out at the LOD today (wherever that is).

    So easy.
     
  9. SunTrader

    SunTrader

    Made it to $95.05, "that's all she wrote".
     
    zghorner likes this.
  10. maxinger

    maxinger

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    #10     Aug 17, 2022