Crude Oil Futures
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.
Wednesday, September 27, 2006
Tuesday, September 26, 2006
Monday, September 25, 2006
Saturday, September 23, 2006
Thursday, September 21, 2006
20060921 this will be the 3rd attempt to rebound, which should be taken advantage of. Long crude oil 61.675 Crude Oil futures chart
Wednesday, September 20, 2006
20060920 count is 2nd day down. If today closes down, sets up a high probability trade long the next open. Crude Oil futures chart
Tuesday, September 19, 2006
20060920 It is strange coincidence that we see 'big' players on the wrong side of any super spikes. First it was CAO(China Aviation Oil) who were caught short on crude oil move up, now we see Amarnath, who reveal long positions in Natural Gas uncerwater. Coincidence? I reckon it is the market squeezing them, either by some information leak or some insider trading. Most like Amarnath took OTC positions in the Natural Gas, because there is no way that they can hold the position size to incur the losses, without Nymex being aware of it. Crude Oil futures chart
Monday, September 18, 2006
20060918 Friday trade creates a possible reversal bar. Might set up long position to take advantage of bounce. Crude Oil futures chart
Thursday, September 14, 2006
Wednesday, September 13, 2006
20060913 Crude oil pauses, today's high and low provide buy and sell points on breakout. Crude Oil futures chart
Tuesday, September 12, 2006
20060912 Crude Oil longs did go into plus column, pulls back. Let's see what happens when the floor opens up. Crude Oil futures chart
Monday, September 11, 2006
Thursday, September 07, 2006
20060907 Crude Oil count 2nd day down. If closes down 3rd day, we will long. Crude Oil futures chart