Tag Archives: Oil
Oil
Point & Figure shows 105.60-80 is the short term hold level. Short term guys should monitor this level for more Risk Off. Watch your Spu levels!
OIL…Futures Traders
April is now the lead month in OIL (H) April is trading app 30 cents over (J) We will be using the same approximate levels in April as march for now.
Stops…General Comments.
In an abundance of caution we are raising our current stops.. Many short term players are again using the double top @ 1352 to short the indices. They are playing for a breakdown to at least the 1329-32 area. This battle … Continue reading
Market tells
Copper…38050 is the 200 day, a close below should be deemed negative price action given the double top in the Spu’s. SMH..a close below 33.98 in this ETF puts in an ORL day which is price negative the board. OIL..hit it’s … Continue reading
A.M. Look 2/1/12
General Execution Note… Most of you are at your screens for the first few minutes of trading everyday, regardless of your day job. When an instrument is up 5% just after the opening, and 10% in a couple of trading … Continue reading
Making the Most of A.M. Look
Utilization…Playing the lotto with Tgt’s…the more the merrier. Early yesterday we were focused on the Equity/Bond spreads both here and in Europe. In the first half hour of NYSE trading we saw tgt levels get hit in the SPU,30 Yr … Continue reading
A.M. Look 1/13/12
Oil…100.55 close now becomes a similar level to 105-105.31 All new closing strength is needed over these levels for new upside. Brent shows the same pattern with new closing strength back over 112.20 needed. Short term sell stops are 98.30 … Continue reading
Pattern Alert…Crude Oil
A close below 100.55 puts in an outside reversal day to the downside , however this recent spike low of 99.02 is more relevant. That level is unchanged on the year!