Tag Archives: Crude Oil Futures
Daily Game Plan…Oil
Daily Game Plan…Day Traders In lieu of a trade today, we’ll go over the story line leading up to our first Day Trade. If you understand, you see. Yesterday we did a day trade in the oil. You either made … Continue reading
Pattern Alerts…Russell…OIL…USO…Midcap 400…BP
ALL of the above are working on ORH days..Closes over the following levels are needed… These are generally price positive patterns, however it can take a day or more for confirmation of the pattern. Russell 2000 (TFH) 82330 Midcap 400 … Continue reading
OXY…AAPL
A couple of months ago I was looking to re-buy OXY around 90. I would have preferred to have that price match up with 89 dollar oil. Bottom pickers…this is the right day of the week,with an oversold condition, and the … Continue reading
S&P 500 ….Price Action
The market acts horrific.. New shorts will be initiated on new lows. You’ll see these new shorts getting trapped all day. Day- Traders, be patient for the small pops. Until you get price action back above 1254 the shorts are … Continue reading
A.M. Look 8/2/11
It’s a risk off world. The major indices are in a tug of war with the DJI & Nasd seeing a relative safety bid ( they’re maintaining above their respective 200 day mvg avg’s) and the SPU,Russell and Midcap all failing. The big … Continue reading
OIL…Risk On Trades
97.13 was the outside reversal close in the oil. All new closing strength over 97.13 is needed for more upside. It does not have to go any higher for now. Tighten up all remaining long (RISK ON) parameters across all … Continue reading
USO…OIH…Crude
Those looking for a low risk buying opportunity today should focus on the oil ETF’s. USO, has a potential double bottom on the weekly charts forming, with 36 seemingly the downside risk. OIH..the 200 day is app. 140.80, has the … Continue reading
Crude Oil
It’s the running of the lemmings once more. Macro stops are under 95.50 in the July Crude. The first tgt level is 92.60-93.00 which is the first 1/3 FIB back from 2009. The demand destruction from the stocks breaking should eventually … Continue reading