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CL Light Crude Analysis TPO/MP/VWAP/VPOC


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CL Light Crude Analysis TPO/MP/VWAP/VPOC

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  #1281 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
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I would actually prefer to be long lower down, around 89.90 - 90.10, and if stopped out may go in again.







I like the LSPs for support. If CL is comng off a major swing low, that I have found to be a good entry point. That is why I was mentioning that price range earlier.

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  #1282 (permalink)
 
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 GaryD 
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confluence with volume and prior vwap


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  #1283 (permalink)
 
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 GaryD 
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stop pulled in


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  #1284 (permalink)
 
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 GaryD 
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Closed for awhile. Want to see what happens here. Volume has been very light.

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  #1285 (permalink)
 
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 Tiger45 
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really nice trading!


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Closed for awhile. Want to see what happens here.


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  #1286 (permalink)
 
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 GaryD 
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Notice the hesitation...


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  #1287 (permalink)
 
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 Tiger45 
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Short at HOD and 2nd SD stall


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  #1288 (permalink)
 
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 josh 
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Value being established ABOVE prior HOD, dangerous area to short IMO. 91 likely.


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  #1289 (permalink)
 
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 Brutus 
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Nice job Gary ; I am casually watching crude today; my "sim" trade here is that if it were to break the elusive 90.68 and bring in some buying interest, that it might just trade all the way back up to 91, near Friday's high. The 68 has been the regulator, and a break above that just might bring in a test of the unfair highs of Friday. Just an idea, and it costs me nothing to say it so take it FWIW. Good luck!


Good call!

One question Josh what does "unfair highs of Friday" mean?

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  #1290 (permalink)
 
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 josh 
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Brutus View Post
Good call!

One question Josh what does "unfair highs of Friday" mean?



Fairness = lots of opportunity, unfair = small window of opportunity. You could buy or sell 90.68 at many different times during Friday, but you only had a few minutes to trade above 91, or below 90.20. When chicken goes on sale for $1.50 a pound, it sells FAST, because that price is low relative to normal fair prices ($3.99 a pound). Thus, the unfairly low prices of chicken gives you only a day or two to buy at that price until it's gone, and the price goes back up.

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