Tag Archives: Crude Oil
Midday Missive
Oil…is at a level that you should not chase direction. Some services put out buy recommendations this A.M. in the Oil. Oil has broken out above daily momentum line @ 43.64, today’s pit low. You’re better off waiting until tomorrow’s … Continue reading
Daily Market Intelligence 6/26/17
Daily Market Intelligence 6-26-17
Daily Market Intelligence 6/23/17
Daily Market Intelligence 6-23-17
Midday Missive
The morning has started off as a big sector rotation into Healthcare. Biotech names are leading the Nasd 100. OIL… 42.75 is support and the downside closing pivot. Resistance is at the bottom of the gap @ 44.33. You … Continue reading
Daily Market Intelligence 6/21/17
Daily Market Intelligence 6-21-17
A.M. Look 6/20/17
July (N) Crude expires today. 42.72 is the Feb. Monthly close, which is the low monthly close this year. This is the next level to test. The pattern sell stops are @ 42.01 I doubt anyone will want to take … Continue reading
Daily Market Intelligence 6/20/17
Daily Market Intelligence 6-20-17
Daily Market Intelligence 6/14/17
Daily Market Intelligence 6-14-17
Midday Missive
Oil..the next set of sell stops are @ 45.67-53. A couple of you sent me notes you were short. You need an 80 cent rebound off any low for a broader reversal. All you can do is time frame trade … Continue reading
Daily Market Intelligence 6/7/17
Daily Market Intelligence 6-7-17