20060126 After the 3 days down candles, we did get the up day. 

Crude Oil futures chart

20060124 2nd day down, if 25 Jan trade is down, expect an up day the next. 

Crude Oil futures chart

20060123 Pulls back on some inventory news. Maybe wait for the mov avg level to get long. 

Crude Oil futures chart

20060120 QM continues the parabolic move. Best to take profits into these types of surges. 

Crude Oil futures chart

20060118 Crude Oil today is in a indecisive spinning top candlestick, indicating balance between buyers and sellers. Could be the speculative news is waning on the bulls efforts to force cut loss from the shorts. In any case, the buy signal on the breakout of the 57-62 range was a good one. 

Crude Oil futures chart

20060117 Heading towards a target of US67 per barrel, which is the move from 62, the width of the 57-62 range we identified in late Dec 2005. 

Crude Oil futures chart

20060112 Since the breakout of the 57-62 range we identified in late Dec 2005, been quite a move to above 64. Helping this move is the Iran nuclear issue with the world. 

Crude Oil futures chart

20060111 Early wekness found support t the 9 ema, propelling crude oil to near 65 per barrel. Closing candlestick however indicates indecisiveness. 

Crude Oil futures chart

20060110 An ID bar, priming fr possible breakout. 

Crude Oil futures chart

20060109 Breaks out of small bull flag to the 64.00 region 

Crude Oil futures chart

20060106 Continues the move after the breakout of the 57-62 range we were watching in Dec 05. 

Crude Oil futures chart

20060105 Consolidating gains above US62 per barrel. Could be poised for further gains. 

Crude Oil futures chart

20060103 Breaks out of the US62 per barrel mark without much resistance. Recall in the last week of December 2005, we were looking for the range of 57-62 and a breakout either side. CCI momentum looks to be strong to the upside, but the extreme reading signals oberbought conditions. 

Crude Oil futures chart