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Completely out of DWTI, congrats to everyone that was able to take advantage of that with us.
UEC, scaling in starting at 2.611, stop is only .06 away
I think that's a smart move. Cl support is very close now.
NUGT, a move back over $12.25 would be the first sign it's moving higher IMO.
cl, watch anywhere between 58.43 and $58.22
DGAZ blast off, if NG can break 3.03 we could be back in business.
Very nice, smart play there with DWTI. Like I said I'm scaling out and looking at moving into UWTI if it holds 58,22
I'm not a big fan or the whole correlation thing. It's works great when it works but all too often traders come to depend on correlations even when they're not working and that can get you in serious trouble. But in this case dollar down and oil up, isn't that the way it's supposed to work?
For those of you that are short Oil I am scaling out and and have no plans on sticking around should 58.22 not break. Now is the time to start seriously considering taking profits and looking to long side of the oil trade. I would without question protect profits even if you don't plan on making the long trade.
Not trying to be a smart ass, I don't understand what you're saying.
What's you're point?
NG has to break 3.03 to call a top.
No I'm thinking a bit higher, maybe $65
GDX, until we break $19.84 I'm looking for over $22
Watch $58.22CL for a bounce.
OK guys I have a laundry list of support/resistance/target numbers. Instead of posting them all I'd like to answer any direct questions first. So if you would like to know about something now just ask and I'll post those numbers first.
NG, a move from here to 3.13 very quickly will at least tell me where we're at and I can formulate a plan.
For the rest of us that are short Nat Gas. I'm watching for the next small move because we're at a point where I need to see the next micro move to get a better handle of the bigger picture. I don't think the short trade is a lost cause and if I did I would say so. I understand a lot of us are down but I don't think this is the right time to cut our losses. You know how it is, as soon as we sell NG will tank and we'll kicking ourselves.
Very quickly here on ES, it's well know I've been calling for 2150ES and while we only reached 2134 they may be all we get IF and this is a big one we fail to hold support between 2118 and 2112. 2125 was the first sign we have a top but until we break that support we can still turn higher up into that 2150 number. So for now all we need to worry about is holding 2112 at the lowest. Break that and we could be headed much lower.
I'm stuck too so give me a couple of mins to work out where we're at after this morning. I can tell you that 3.066 is now support and we need to break that before anything else but it's a little more complicated than that. I agree with you on this move not being fundamentally driven. It's 100% technical/traders and that's driving shorts to cover. Anyway the why really isn't that important. What is at least at this point is how do we get the heck out of this with the least amount of pain.
LOL, that make two of me.
Nothing today.
CL, next number I'm looking for is $58.22
DWTI over $70
DWTI over $70
Oil on the other hand we nailed.
I've completely blown the Nat Gas trade but can't look forward until I take care of my current position.
I'm going to add to my Nat Gas short before the open, this will be the 3rd and final buy. Yes I'm very red but still have confidence in this retrace happening.
USO under $20
USO should be under $19.75 but it's still over $20, maybe after the open? Very little selling going on, makes we wonder why?
WOW, look at the freaking dollar.
BOOM lower we should go.
We have to break $59.32, a touch won't do it.
I know, a break below $59.32 IN VALIDATES THE TRIANGLE AND MAKE THE TRADE MUCH EASIER TO EXECUTE
As soon as I can confirm a top I'll post it
Yes, I'm watching
I did along with a few others but right now I'm waiting until I can confirm a market top before posting any additional volitility buys.
I started selling to bro, as you know I can't stand to give it back and if it breaks down I'll but back but been holding way too long to give any back.
As long as $19.77 GDX holds I'll be looking higher.
NG, I'm still short NG. As strange as this may sound a touch of $3.066 opens the door to the $2.70 area while maintaining the bullish count higher. If we fail to break $3.066 before we pullback we most likely won't break the $2.888 pivot, if we do break $2.888 before $3.066 than the bullish count is invalidated and we'll be looking for new lows.