For any of you CL players, remember that the EIA crude inventory report comes out in 9 minutes (9:30 CT). The API #s yesterday were very bearish, fwiw.

I don't understand it but at 12:03 CT my charts from 2 sources show that 457k+ contracts traded during that one minute period. Big money on my BAV shows a net buying of more than 175k contracts on that spike. I have never seen anything like it.

Not sure what happened!? but it took place at 37.50

We have a 80.63 Kools Tools target on the CL based on retrace from 79.50 to 78.80 I think.

Originally posted by prestwickdrive

We have a 80.63 Kools Tools target on the CL based on retrace from 79.50 to 78.80 I think.

80.61 is close enough for me. thanks for figuring this method out and sharing KB!

Im watching a few key things on the above chart .. first see how the averages have now crossed to a bullish posture? also see how the red average is now support. A break of that would be a first clue of a short term down draft.. I personally would prefer to sell closer to 1142.50-1142.75

Btw... dam nice call Prestwick!!

Originally posted by VOwater

Originally posted by VOwater

s 45 stop 47

done with both @ 41.75