Tag Archives: Oil
Crude Oil…General Risk Off…Time Frame Trading
OIL…has just completed the first significant re-trace of the past 2 years with a 98 dollar print. Can it go lower? Sure, however it has not had a reversal on the point & figures for 800 points. General rule of … Continue reading
Crude Oil Futures Weekly Chart…Pivotal Level
101 in the Crude becomes a pivotal level and a candidate for a Bear Trap..( Be wary of pressing shorts into this level early) Price action back above 101.82 would be the first sign the Oil is trying to hold … Continue reading
A.M. Look 4/24/12
Spu’s…1379-80 Nasd 100…mid to high 2680’s Oil…104.10-40 is near term resistance. Only closing over 105 shows convincing new strength. General Comments Expect some 2 way trade early with the spat of U.S. Economic data coming out. The later in the … Continue reading
CQG_IC_Chart_CLEM2_-_Crude_Light_(Globex)_Jun_12_Weekly
Most markets are in cinq following the Dec/2011 lows to the recent highs.. Oil is no different… We’ve put in the Fibs of the short swing , which is the Dec lo to the high of this year.. The big … Continue reading
OIL…Shorter Time Frame Traders
OIL…is looking vulnerable. Price action below 102.50 in June should be monitored with a general Risk off bias.
Oil …Pattern Alert
A close below 100.81 (K) puts in an ORL pattern in keeping with the rest of a Risk Off Board.. 97 ish is the downside tgt for this swing.
Crude…Pattern Alert…Silver
Crude has a potential double bottom working on the Monthly and weekly charts.. A close over 104.15 (K) is needed for an ORH day. Silver…32.60 has been acting as the near term pivot over the past week. We’ve been a … Continue reading
XLE…Trade Alert!!
The spreader is coming out again.. We’re BUYING the XLE @ the market!!! This should be viewed as a spread against our Long Bonds.. Trade size accordingly.. The stop is just below today’s low!
The Usual Suspects
USD/JPY…83.50 ( app 119.70-80 M Futures) becomes the key closing pivot for more Dollar upside vs. the Yen. XLE…is a good alternative to trading the Oil Futures…If you’re bullish the Oil we’d use a 72.20 intra day as a stop. … Continue reading
A.M. Look 3/20/12
Today will bring the 30 Yr. bonds into the spotlight with futures expiration. We witnessed a big day trade in the Swiss,Euro and Aussie yesterday, which we have NO position in after our stops were elected last night. The board … Continue reading