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OILITRADINGINSIDER.BLOGSPOT.COM
A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Monday, May 11, 2009
just missed it still charted fairly well take a look at the day action
we wax romatically on what could have been and point fingers at Bloomberg with the erroneous data feed showing the futures up which it turned out they were down this affected the tone in which we entered last night if they correctly showed the futures down we would have shaded our sell order to the bid instead of shading it up a quarter from the offer we were still selling there
if the futures were up. Like I said it will not be the first misprint and I normally don't rely on Bloomberg but I was at dinner as It was Mother's day. My range was microscopically close when you think about it and I stand by my bid a which is still on the books down at 56.55
which of course it went no lower than 56.74- the financials were starting to get hammered it appeared at that juncture that oil was picking up speed on the downside as the futures were holding steady but down and Oil was still crashing. At the end of the day Oil hangs tough and we stand by our call that oil is in a bull market and out of the 46-55 range now.-Still after the last eight weeks you guys are used to me just nailing it but we still made money and we still have tonight and the rest of the week.
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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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just missed it still charted fairly well take a lo...
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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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