Crude Oil Futures

2011-05-25T07:37:00.001-07:00

20110525 Crude Oil futures hourly.

2010-08-12T23:36:00.001-07:00

20100813 Crude Oil futures 5 min chart update...

2010-08-12T20:49:00.001-07:00

20100813 5 min crude oil futures chart with ADX, uptrend...

Fwd:

2010-08-12T20:35:00.001-07:00

20100813 Crude Oil Futures 1 min chart, breakout trade...

2010-08-11T02:57:00.001-07:00

20100811 Crude Oil futues 2 min chart for this afternoon...

2010-07-24T06:31:00.001-07:00

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2008-12-19T22:13:00.000-08:00

20081219 How wrong we were.... The price is for cust loss, as crude oil keeps going down further in its trend.

2008-12-12T18:24:00.000-08:00

20081212 Crude oil has pushed through mov avg resistance and pulls back.... looks bullish in the near term, if price action confirms to upside...ie takes out the high which will see US50 per barrel.

2008-10-31T19:49:00.001-07:00

20081031 If the crude oil futures makes another test of the lows, than we may have a box in place for the breakout in either direction.

2008-10-12T05:11:00.000-07:00

Gold Silver, agriculture products and oil plummet on Friday. This guy, Jim Rogers was expousing himself as a market guru on Bloomberg TV on Friday morning saying, "capitulation, it is time to buy to cover my short positions in stocks". To a question on what else he was buying he said "I bot a bit of Taiwan, a bit of China, and into agriculture" This from a guy who when commodities were doing their blow off top and China stock market as well many months ago was saying "I am long commodities, long China stocks", as though it was going to the moon.

To me this guy is arrogant. Why the hell do people want to know what he is buying. He also said, "I am not a market timer, I am the worst short term trader" A load of hogwash, if you are not a market timer, why are you in the markets man? It is like the investor who gets into a trade in a stock when it is going up, the market turns around suddenly, then the short term trade (or investment) becomes "oh, I am in it for the long term now" This is how short term disasters become long term investments.(non market timing)

I do agree with him though, that buying China stocks is a good deal at current prices. Don't know about Taiwan though as there is no sign of support.

2008-10-11T06:31:00.000-07:00

20081010 Expectations of a recession (depression) means the crude oil did not escape the global selling of assets of all types. Moral of the story is 'don't believe the analysts (Goldman Sachs super spike;. Remember these guys write stuff based on their positions in the markets, and they are the ones who thought up the credit default swaps and collateralised debt obligations (CDO) that brought the world financial system to its knees as of today. They don't learn from history: remember Enron? At least JP Morgan and Citigroup were bitten there, and now is in the best position of the investment banks. If you ask me they should legislate to take back the multi million bonusses these boffins paid themselves in bonusses.

2008-10-03T19:27:00.000-07:00

20081004 Well, so much for the rebound theory. This illustrates the danger of trading with a static and stubborn mindset. Anyway, back to the charts, the crude oil chart indicates the direction the economy will take in the coming year.

2008-09-23T01:50:00.001-07:00

20080923 Here is the deal. In the past couple of months, we have seen this drop in equities worldwide and commodities as well. What was happening was the big investment banks, because of their exposure to the sub prime CDs and credit default swaps, all exhausted their capital. Hence they underwent the process of 'deleveraging' and asset liquidation to improve liquidity, causing the massive contraction in equity and commodity prices. Since last Friday and last week's events, where the 5 investment banks now became the two, there was a massive 'cut loss' (Bear Sterns, Lehman, Merrill Lynch), followed by the US rescue package. Thius the events causing the massive selldown is diminished somewhat paving the way for equities and commodities to regress towards their mean.(true value) We see a 50% retracement form recent lows for commodities.

2008-09-22T21:16:00.001-07:00

20080923 Had no idea how to trade this V shaped reversal on the crude oil futures. Maybe the sell down was caused by Goldman Sachs cutting its futures long positions.(remember their 'super spike' view on the crude oil) Anyway, the only trade on offer is to wait for a retracement to re touch the downtrend line, which is now broken to the upside, for the long trade.

2008-09-19T18:35:00.000-07:00

20090919 Resistance of 112 could be tested in the days ahead.

2008-09-15T21:02:00.000-07:00

20080916 The trend continues and accelerates in the crude oil futures. Missed this fast and severe move. Might well be the market to go sideways in the next week or so.

2008-09-04T18:03:00.000-07:00

The inverted head and shoulders pattern did not trigger, and the downtrend in crude oil resumes... Waiting for the next pattern to develop.

2008-08-27T16:24:00.001-07:00

20080827 An inverted head and shoulders formation forming? Might be, for crude oil futures, if 122 is breached on the upside we can see 127. Time will tell.

2008-08-12T23:08:00.000-07:00

The crude oil futures is now up 0.20, after being down over 1.40 this morning (Asian time). In case you are skeptical that the crude oil may bounce from here, take a look at history, back about a year, when crude plunged to US91 per barrel in Nov 2007. Guess what price it went up to? US145....

2008-08-12T06:22:00.000-07:00

20080812 0914 ET. Crude oil futures are now up US1.05 per barrel, vindicates somewhat the decision for the long position.

2008-08-11T18:37:00.001-07:00

20080811 With the Russian/Georgian conflict looming andongoing, crude oil may rebound to us120 per barrel. Might be time to look for buy levels.

2008-07-29T07:46:00.000-07:00

20080729 1039 am ET. Crude Oil futures has hit the target of USD21 per barrel. So much for the analyst who said when the price was usd130, "Well, if you think of crude oil going to usd200 per barrel, then this is a good level to buy..."

2008-07-21T20:32:00.000-07:00

20080722 OK, the crude oil is retracing upwards. If one is looking for a move to 121, the logical place to turn short again is just in front of the 50 moving average, around 133.9 to 134 area. Stops can be well defined at the next moving average.

2008-07-18T22:15:00.000-07:00

20080719 Further drop in crude oil futures. It seems the bubble has well and truly popped on the overexuberant bulls (silly ones), it is good for the consumer, hopefully the cost of air travel will fall back. The price action of this sell off indicates the big money cashing out and turning short this market. Looking forward, it is probably going to bounce, suck in more stale bulls averaging losing positions then fall to new lows of us120 per barrel.

2008-07-17T19:06:00.001-07:00

20080718 Well, the double top triggered the short to 129 currently. US120 per barrel beckons.

2008-07-15T19:53:00.000-07:00

20080716 Crude Oil is showing a possible 'double top' formation, break of 135 sees 120 beckoning. This time the fundamentals may help the short cause, with 'significant downside risks for the economy' words by Bernanke.

2008-07-08T03:45:00.000-07:00

20080708 The expected scenario panned out, so shorts were indicated 2 days ago on the crude oil futures. This unwinding of the irrational exuberance of the long crude oil speculators has the potential to go far...

2008-06-29T20:19:00.000-07:00

20080630 The crude oil market is gearing for a test of the upper trend line. We favour the view to let the price close above the trendline, and waiting for the close below that to take short positions. Will a blow off top happen? It might well, so be conservative and short on closes below the trendline after the penetration.

2008-06-20T20:32:00.000-07:00

20080620 No close below 132 no short position indicated for the crude oil futures.

2008-06-19T21:44:00.000-07:00

20080620 Crude Oil futures are consolidating in a box pattern. If it closes below 132, indications is for shorting for the bigger move down equal to the height of the box.

2008-06-11T04:00:00.000-07:00

20080611 OK, shorts turned out pretty good. So much for the bull speculators irrational exuberance on crude oil futures. The pattern developing right now is a possible Bullish 3 pattern. If today's price cancle ends up down, might indicate a possible buy signal.

2008-06-09T02:03:00.000-07:00

20080609 It is time to take advantage of the speculators insanity to buy the highs. Sell orders at Friday's highs are in. When the same people who thought up the CDO causing the mess in the sub prime industry speaks of super spikes in Oil, don't believe them now, believe them only in 3 months time.

2008-06-04T19:38:00.001-07:00

20080605 Well, we are almost there to the target of US121 per barrel of crude oil futures. Wondering how the silly bull who bought the high print of >134 (due to overexuberance) per barrel is feeling now, sitting on losses and having to pay higher prices for petrol/gasoline.

2008-06-04T06:05:00.000-07:00

20080603 Well, we are almost to the target of US121 per barrel of Light Sweet Crude Oil futures. So much for the over exuberant "It's going to the moon" bulls. However, this is the corrective phase in reality for the bull market, but just can't resist the stab at the raging bulls. There is more than one way to trade volative markets, rather than just be long only.

2008-05-29T18:03:00.000-07:00

20080530 With Crude Oil futures settlling at us12650 per barrel, shorts are in the money.

2008-05-29T07:11:00.000-07:00

20080529 1405 GMT. We have the July Crude Oil futures decline nicely in the trade direction.

Shorts taken with a view of correction to 121 per barrel

2008-05-28T23:22:00.000-07:00

20080529 0625 GMT. Shorts taken at US130.35 on the Light Sweet Crude Oil futures. Stop above recent highs.

2008-05-27T19:34:00.000-07:00

20080528 Another opportunity yesterday for the short on crude oil, catching the overexuberated "I'm long crude oil, it's price is going to the moon"

2008-05-22T18:07:00.000-07:00

20080523 Well, what can we say. When an instrument goes mad and overexuberated, the 'trade of the century' (short in this case) presents itself.

2008-05-12T17:50:00.000-07:00

20080513 A guick and painless hold into the profits. Scale out of some and hold the position for the longs 'puke out'.

2008-05-12T03:52:00.000-07:00

20080512 It is time again to short the crude oil futures, taking advantage of the blow off topping pattern and the "trend is your friend until it ends" setup.

2007-10-30T16:22:00.001-07:00

20071030 Light Sweet Crude collapses.(5 min) Vindicates the short for the swing trade.

2007-10-26T17:45:00.000-07:00

20071026 Crude Oil futures hit new high. Time to put on the 'memory of price' trade (K Lien and B Schlossberg in their book, High Probability Setups for the currency market) Shorts to be opened on opening next Monday, with stop around US96.

2007-09-27T18:36:00.001-07:00

20070927 When the market doesn't confirm the trade, sometimes it is better to bail out of the position, with some profits at least on 1/2 the position.

2007-09-26T18:18:00.001-07:00

20070926 Crude Oil futures rebounds, sells off and ends up for the day. Question is whether to close the position now, or to hold out with the stop at break even.

2007-09-25T19:47:00.001-07:00

20070926 Daily Crude Oil futures chart shows the 'retracement' short trade. Most traders are told 'trade with the trend', but we all know that in financial markets, the majority 90% end up being wrong. If that is the case, then 90% will be in the trend trade, with most of them being wrong. Best to have open mind when trading.

2007-09-25T06:47:00.000-07:00

20070925 0947. Light Sweet Crude oil futures is now trading at 79.2, down 2.16%. Shorts looking good, to peel off some for partial profits and ride the remainder.

2007-09-25T02:41:00.000-07:00

20070925 0940 GMT. Light sweet crude oil in electronic trading heads back to yesterday's low. Hopefully we can see it push through US80 per barrel in US trading hours in the pit today.

2007-09-24T16:43:00.002-07:00

20070924 Crude Oil finds support, but as they say "the best trades are those against the prevailing trend that breaks support".

2007-09-24T16:43:00.001-07:00

20070924 Crude Oil finds support, but as they say "the best trades are those against the prevailing trend that breaks support".

2007-09-23T22:51:00.001-07:00

20070924 0548 GMT. 30 min Light Sweet Crude Oil futures is (hopefully) on the reversal path. Nevertheless, the swing short waiting game is in play.

2007-09-19T19:45:00.001-07:00

20070919 The short is established. All remains is to wait.

2007-09-18T06:53:00.001-07:00

20070918 0951 ET. Would be worth taking a short for swing trade at US 81.8-82. with stops at US89 per barrel.

2007-08-03T17:20:00.001-07:00

20070803 The correction in Light Sweet Crude Futures looks like a small blip in the uptrend.

2007-07-28T09:23:00.000-07:00

20070727 Light Sweet Crude futures has risen to near record levels, since the breakout into the uptrend.(see last post)

2007-06-30T19:33:00.001-07:00

20070630 Light sweet crude QM looks to have broken out into an uptrend. Will be prudent to employ strategy to long the futures on retracement.

2007-06-22T18:22:00.000-07:00

20070622 Had not been monitoring thw QM light sweet crude oil for a while, but surprise, a nice breakout pattern formed over weeks of consolidation.

2007-05-10T16:42:00.000-07:00

20070510 Crude Oil is banging on support, a breakthrough could see a trend develop to downside. If the overheated Chinese equity markets correct, this could add to the fuel.(pardon the pun)

2007-04-13T22:56:00.000-07:00

20070413 61.77 moving average support level proves itself. Remains in focus for the uptrend to maintain.

2007-04-05T18:10:00.000-07:00

20070405 Crude Oil forms consolidation, could be priming for continuation move.

2007-03-29T18:21:00.000-07:00

20070329 Crude oil on uptrend. Looking for pullbacks to moving averages.

2007-03-09T17:58:00.000-08:00

20070309 Light sweet crude oil futures looks to be in box range, priming for breakout.

2007-03-07T16:09:00.000-08:00

20070307 Crude oil recovery.

2007-02-01T15:20:00.000-08:00

20070201 Nice rally off the lows, but on the bigger picture, looks to be a retracement up in a big downtrend.

2007-01-16T14:34:00.000-08:00

20070116 Crude Oil trending downwards. All we can say is "ho hum, where art thou super spike to USD100, Mr Goldman Sachs?(prediction in 2004 by Goldman analyst)"

2006-12-08T17:16:00.000-08:00

20061208 Longs still in play, will look to add to position on break above 64.

2006-12-05T23:39:00.000-08:00

20061205 A retracement, but being greedy, we will hold the longs for US70 per barrell.

2006-12-01T17:07:00.000-08:00

20061201 Crude Oil settles above US63 per barrell. Holding on to longs.

2006-11-30T16:00:00.000-08:00

20061130 Rally continues on crude oil, good for the longs.

2006-11-29T22:10:00.000-08:00

20061129 Rally in crude oil (15 min chart) helps our long position.

2006-11-28T16:09:00.000-08:00

20061128 Crude Oil continues the rebound.

2006-11-27T16:37:00.000-08:00

20061127 After a long drawn out bottoming process, is this the reversal breakout in crude oil that will help the long position? Time will tell.

2006-11-24T17:38:00.000-08:00

20061124 Crude Oil still building the triangle, it seems. Let's see if there is a true breakout.

2006-11-21T15:45:00.000-08:00

20061121 Long on crude oil turns out to be a good ploy.

2006-11-17T19:26:00.000-08:00

20061117 Sell down yesterday looked to be a flush out, We'd be looking to long the front month contract on Monday electronic open.

2006-11-15T16:55:00.000-08:00

20061116 Long position in profit.

2006-11-14T16:04:00.000-08:00

20061115 Light sweet crude oil remains weak, we have our 3rd day down, indicates a buy. Long position taken on today electronic open.

2006-11-11T04:26:00.000-08:00

20061110 Nymex crude oil futures rally looks like petering out, or is it? Could well be the final flush out before the breakout rally continues. Let's see what the insiders do with the crude oil market.

2006-11-09T17:47:00.000-08:00

Crude oil breaks out, momentum building for higher move.

2006-11-07T16:44:00.000-08:00

20061107 Crude Oil in range.

2006-10-31T22:16:00.000-08:00

20061031 A reversal hammer pattern on crude oil. This could be the trigger for the long on the inverted H&S pattern. Long on break of 69.

2006-10-27T18:10:00.000-07:00

20061027 Crude oil has a dominant candle 3 days ago, indicating buyers in control. With the Inside Day pattern today, we are looking for longs on breakout of today's high US61 would be a good level to long on strength.

2006-10-26T18:01:00.000-07:00

20061026 Crude Oil basing, still looking for the inverted H&S reversal.

2006-10-24T21:01:00.000-07:00

20061024 Waiting for the inverted H&S or crown pattern to trigger longs.

2006-10-19T20:33:00.000-07:00

20061019 Crude oil possible inverted H&s forming.

2006-10-18T19:07:00.000-07:00

20061018 QM count is 2 down now.

2006-10-17T17:57:00.000-07:00

20061017 Shorts turning out good on crude oil. Profit 1.20 (US600 per contract)

2006-10-16T20:12:00.000-07:00

20061016 3rd day up, shorts taken.

2006-10-13T18:30:00.000-07:00

20061013 Nymex crude oil 2 day up count.

2006-10-12T17:26:00.000-07:00

20061012 Crude Oil is still in containment channel.

2006-10-11T18:07:00.000-07:00

20061011 Crude oil count is 2 down.

2006-10-10T16:42:00.000-07:00

20061010 Crude oil count is 1 down.

2006-10-09T18:41:00.000-07:00

20061009 Crude Oil within the containment channel.

2006-10-06T20:17:00.000-07:00

20061006 Crude oil now forms 'containment channel' where should trade for a while before the next breakout. (57.775-61)

2006-10-05T17:12:00.000-07:00

20061005 A news report that OPEC was looking to cut output by 1m barrels per day drives continued rally.

2006-10-04T17:54:00.000-07:00

20061005 Rebound in crude oil, no 3rd day of down closes, so no trade. However can look for strong buying to jump on board longs on open outcry trade.

2006-10-03T17:15:00.000-07:00

20061003 Count is 2 down. Looking for down day today to get long.

2006-10-02T17:47:00.000-07:00

20061002 QM continues down. Count starts at 1 down.

2006-09-27T17:52:00.000-07:00

20060927 Finally the crude oil rebounds with a vengeance.

2006-09-26T20:17:00.000-07:00

20060926 Crude oil futures.