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OILITRADINGINSIDER.BLOGSPOT.COM
A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Sunday, March 29, 2009
just one last thought oil 10:49 51.36 bid and last
Reading about the UAE comments about a fair price of 70-75 and how this low price hurts everybody strikes me two ways-1)opec will do anything to prop up oil 2)opec is helpless in the big picture cuts are short sighted moves which simply leave more oil in the ground than at refineries -Imagine the greed of these countries that did not relinquish when they had us all by the throat when oil was $140- There are abundant supplies right now and most experts think oil will should fed printing press not withstanding be at 40-45-The market tells us what is fair and low oil prices also helps many interests this country included.
Anyway we go to bed and set the alarm for 330 to see if the recent 400 Globex rally action will re-commence. Keep our profitable short on keep your stop on too! we watch the buy channel
has been immensely helpful and will continue o do so for now
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april fools
monday morning may future
buy channel
midday chart
top horiz-54.37 middle line 51.74
make a living with oil futures
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t minus 25 hours to Globex launch
Market Summary
we are in extended hours there are 17 minutes left
keep your heads up
new post side note
stop moved to 51.5
there she goes kiddos
close call twice but no stop out
nfp off 8.5 over 600k out of work
you might have missed the entry point so be patient
overnight play stuffed no profit but no loss with ...
so far up $200 bucks
this was manufactured
we did one trade today
bang that was easy 219 8 minutes $470
bid 52.40 a quick 470 -7.50 comish in and out
210
52.75 2:00
finally they understand-no such thing as too big t...
today it broke the channel
better than a hammer to the forehead!
EIA showed glut dollar weak
is this an April Fool's joke
april fool's day
9:48 PM 48.52
re-draw the chart
first stop out of the week
pre-open 8:21
overnight when you are hot you are hot
3:21 open outcry closed at 230 48.58 last sale
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3:21 open outcry closed at 230 48.58 last sale
1:06 48.87
the buy channel is awesome
oil nears 48.25
this too shall pass!
50 monday 10 AM
pre-open jitters 9:02 stay short move stop watch ...
Monday madness keep dropping the stopping
just one last thought oil 10:49 51.36 bid and last
51.30 8:03 pm Sunday night Globex
already 51.80 Sunday bloody sunday
sunday bloody sunday
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About Me
oiltradinginsider
new york, new york, United States
technical and fundamental coupled with most recent economic data -2 major postings a day 8 AM and 8 PM many days supplemental posting so keep it linked to your page
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