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A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Wednesday, April 1, 2009
april fool's day
Is this obama's joke -can we seriously just get all the money back that was simply thrown away
at the Automaker's etc.. The bad news keeps rolling in but the markets are not acting in concert
with the news as it breaks. On the left is this mornings chart drag it ti your desktop and you can view it with windows media player. As for the API it: bearish for oil -bullish for gas-bearish for distillates-overall my take is bearish. This is in a range as illustrated in the m-orning so buy on the low end 47.75 sell at the pivot 50.5 for now always use stops take last night's play off the table 48.40 net $100 If the EIA is rift with surplus we could see those numbers shift even lower.
we rec: wait for EIA see what thye market does and go with it after initial headfake
other than that there is your trading range for now and we should be able to pull a few sheckels in playing those paramaters
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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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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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