/CL Trading for January 17th-20th

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Updated January 16, 2012

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/CL Trading for January 17th-20th

Massive l · 2012-01-16T14:38:56-05:00

What prices/direction are you looking to trade? Here's my take: Price is currently at December's POC and last week's standard auction. Price is short term bearish below this level and neutral/developing above/inside the standard auction. Short 99.70 down to 99.30. Below 99.3 is another short trade to 98.70, 97.50, 96.50. Back in the standard auction, I like longs above 100 on a pullback with targets 100.30 100.70, 101.50

January 16th, 2012, 02:38 PM	#1 (permalink)
Massive l OR/USA Legendary /NQ Trader Experience: None Posts: 2,129 since Mar 2011 Thanks Given: 1,859 Thanks Received: 5,108	What prices/direction are you looking to trade? Here's my take: Price is currently at December's POC and last week's standard auction. Price is short term bearish below this level and neutral/developing above/inside the standard auction. Short 99.70 down to 99.30. Below 99.3 is another short trade to 98.70, 97.50, 96.50. Back in the standard auction, I like longs above 100 on a pullback with targets 100.30 100.70, 101.50 [img]https://nexusfi.com/v/dfczqv.gif[/img] [img]https://nexusfi.com/v/m6smen.gif[/img]