Bain Energy

@Bain_Energy

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

$CL_F daily chart for Thursday. Price is starting out here as another inside day, but I'll be looking for a breakout at some point this week. End of month products rolling and book squaring, along w/ sequestration uncertainty are still to be watched today, and there were some divergences between euro/brent/wti/refined products yesterday, so the usual guidedogs may not be as correlated as we would like here for the time being. Resistance at the Dynamic Trio ($93.44), and support at the lower weekly pivot zone ($91.83), but keep in mind a liquidating market, should we see one today/Friday, doesn't honor technicals.

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613 days ago

$CL_F daily chart for Thursday. Price is starting out here as another inside day, but I'll be looking for a breakout at some point this week. End of month products rolling and book squaring, along w/ sequestration uncertainty are still to be watched today, and there were some divergences between euro/brent/wti/refined products yesterday, so the usual guidedogs may not be as correlated as we would like here for the time being. Resistance at the Dynamic Trio ($93.44), and support at the lower weekly pivot zone ($91.83), but keep in mind a liquidating market, should we see one today/Friday, doesn't honor technicals.

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