Bain Energy

@Bain_Energy

private commodity trader, specializing in crude & refined products; Rock & roll archivist.

$CL_F daily (Sept)...price did in fact peak near yesterday's extreme pivot high (100% retrace) and has started to rotate back down here ahead of NY...we're currently below the Dynamic Range high (92.05ish) & closing in on the 100d ema ($91.46) potential support...below lies the 5d ema ($90.65), and our monthly pivot high zone ($89.69)...August contract goes off today, and still looking for some movement down due to the roll, although as the past couple of session has once again shown, that isn't always the case in an aggressively bid market.  Watch Aug CL, euro, brent & refined products today for guidedog correlations indicating bias & flows.

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843 days ago

$CL_F daily (Sept)...price did in fact peak near yesterday's extreme pivot high (100% retrace) and has started to rotate back down here ahead of NY...we're currently below the Dynamic Range high (92.05ish) & closing in on the 100d ema ($91.46) potential support...below lies the 5d ema ($90.65), and our monthly pivot high zone ($89.69)...August contract goes off today, and still looking for some movement down due to the roll, although as the past couple of session has once again shown, that isn't always the case in an aggressively bid market. Watch Aug CL, euro, brent & refined products today for guidedog correlations indicating bias & flows.

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