Saved by the Bell

The week was a giant bore. The best thing about it is, it's over. Five day ATR for crude is 340 tics which is very low. I guess you have to factor in that this is a 41 dollar contract now, not a 140 dollar one.

I'm happy with the inherent risk management in the "blue bars" as adding range to the trend equation has kept me flat for most of the week.

Flat was the correct position.

We shall see what next week brings.

Two swings at the CL today for a net result of -8 tics.

5 Minute Crude Oil Chart

1 Minute Crude Oil Chart