OffTheFloorTrader

I pledge allegiance to the flag...

NYMEX:CLV2015   LIGHT CRUDE OIL FUTURES
The dynamics of crude are changing. Crude is getting close to popping and now that this flag has formed we are liking the upside more and more. We are monitoring this around the clock and will drop down to a lower time frame and look for triggers. Watch fake breaks to either side. Also, a hard break to the upside it could spell trouble for the equities.
Thanks for your contribution off the floor. I'm curious as to why you feel oil breaking to the upside will spell trouble for equities? I would assume the opposite.
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OffTheFloorTrader smitheric1970
Hi smitheric1970...great question. We watch this and since around 2013 we have been seeing and inverse relationship. It will mostly likely get back in step with the equities. We do not take trades just off this data but it gives us a heads up. Hope it helps. Thanks!
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smitheric1970 OffTheFloorTrader
Interesting, thanks for your response!
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OffTheFloorTrader smitheric1970
Sure...btw nice charts. I like the way you keep them clean. Nice job!
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smitheric1970 OffTheFloorTrader
Thanks I appreciate that! I prefer simple, support, resistance, overall trend, look for retrace.

Good trading to you!
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OffTheFloorTrader smitheric1970
Agreed...simple yields more! ;)
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The oil market seems to have died) good mean revertion opportunities on lower timeframes though=)
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Killy_Mel Killy_Mel
although, one needs pro access to find them =(
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for lower time frames...yes
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