Crude Oil has been on the radar screen of the public, politicians, economists, analysts and strategists, for the reason that it's price impinges on the prices of other goods. Hence it affects inflation and the cost of living. Blog chronicles trading in crude oil futures on Nymex.
20051230 3 continuous days up, which means good probability of Tuesday trade being down. US62.00 per barrel remains in focus now, to watch for breakout. 
Crude Oil futures chart
posted by emacro @ 7:36 PM
0 comments
20051229 Watching 57.50 and 62 for possible breakout, but CCI looks to be pointing up now.
Crude Oil futures chart
posted by emacro @ 4:01 PM
0 comments
posted by emacro @ 5:21 PM
0 comments
posted by emacro @ 11:27 PM
0 comments
20051222 Moving into a sideways triangle pttern, would be looking for breakout.
Crude Oil futures chart
posted by emacro @ 7:31 PM
0 comments
20051220 The expected rebound after 3 days of falls. This is a peculiarity of thie crude oil market that has pretty good percentage.
Crude Oil futures chart
posted by emacro @ 3:49 PM
0 comments
20051219 3 rd day of losses, so should rebound, for the shot trade to get on board the continuation of the downtrend with good CCI downside momentum.
Crude Oil futures chart
posted by emacro @ 5:07 PM
0 comments
20051214 Some news item on higher than expected inventories caused mild selloff.
Crude Oil futures chart
posted by emacro @ 3:59 PM
0 comments
20051212 Move came to fruition out of the consolidation range breakout today.
Crude Oil futures chart
posted by emacro @ 11:41 PM
0 comments
20051209 A pause in the upside breakout move, could be due to position squaring ahead of weekend. So likelihood of continuation next week.
Crude Oil futures chart
posted by emacro @ 7:34 PM
0 comments
20051208 Breaks through moving average resistance, continuing the breakout move. CCI momentum gaining.
Crude Oil futures chart
posted by emacro @ 7:19 PM
0 comments
20051206 Another up day, but is an ID (Inside Day) which means good likelihood of break out either side.
Crude Oil futures chart
posted by emacro @ 3:49 PM
0 comments
20051205 The weekly support proved strong, with continuation of strong bounce up.
Crude Oil futures chart
posted by emacro @ 11:47 PM
0 comments
posted by emacro @ 9:39 PM
0 comments
20051201 Grinding sideways in a rectangle pattern, priming for breakout in major move soon.
Crude Oil futures chart
posted by emacro @ 11:48 PM
0 comments
20051130 So the up day comes after 3 consecutive down candles. Bigger picture is the crude oil is still in downtrend, but this does not preclude few more days of retrace up.
Crude Oil futures chart
posted by emacro @ 1:45 AM
0 comments
