Tag Archives: Crude Oil
The Late Show
OIL…is finding bidders against its 200 DMA @ 48.90 The energy complex has been under-owned. Typically I’d look for a mid-week extreme off the Inventory #’s tomorrow. Oil…25X3 Point & Figure shows sustained price action above 49.65 is needed to … Continue reading
A.M. Look 4/24/17
Euro…108.38 is today’s 200 DMA. Sustained price action below 108.20 puts Euro back into its trading range. Dollar traders should exercise a little patience Spu’s…trading near the top of its recent 50 point range. Let the U.S. session open up … Continue reading
The Late Show
OIL…the best i can do for the next level is an Old Pit gap from March @ 49.74-54. Pay attention to this level as this can be a good place to trap traders at the end of the day. AAPL … Continue reading
Daily Market Intelligence 4/19/17
Daily Market Intelligence 4-19-17
A.M. Look 4/18/17
Wait to see the direction NYSE takes after the opening. Last night’s low of 2334 Spu’s will be an important hold level for the rest of the week. Goldman disappointed. It will take a close over 230 to turn up. … Continue reading
A.M. Look 4/06/17
Spu’s…The range is highlighted. It will take sustained price action into the 2330’s for lower. 2339.50 is the e-mini 50 DMA support line. Spu/Bonds on the other hand is trading right at its 50 DMA. 30 Yr. Bonds need … Continue reading
Daily Market Intelligence 4/6/17
Daily Market Intelligence 4-6-17
A.M. Look 4/5/17
Oil…52.11 is the better weekly mvg avg resistance to penetrate. The past couple of inventory #’s have produced a rally after trapping shorts pressing into the #. After a $4 dollar rally, I’m not sure what its going to do … Continue reading
Daily Market Intelligence 4/5/17
Daily Market Intelligence 4-5-17
Daily Market Intelligence 4/3/17
Daily Market Intelligence 4-3-17