Crude Oil - QMZ2014 - Daily - So close to a buy signal here...

359 4 7
Today's action will generate a buy signal for me, an early signal, if the price climbs and stays over the mid-point of yesterday's bar. Why? Because yesterday was a range-expansion, down-bar. Those don't get violated until a trend is over. Hence, the downtrend will be over it can climb over the midpoint. So, earlier today QMZ2014 did get over the buy level, so it is already "in" a buy signal. To buy more, look for it to hold above the buy level and climb through the 82.75 reversal level. Stops under today's lows.

"Where's the PLUNGE PROTECTION TEAM in Crude Oil???"

Doesn't everyone know that this is the level where extracting shale oil             is unprofitable? Isn't this the level where production will shut down if prices stay down this low since it takes prices this high just to extract the energy from the ground?

This would be a really good level where the US Gov't will take a stand and place orders to buy crude oil             to support shale oil             production to assure supply for the long term.

81.15 last QMZ2014 8:30AM EST

Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
I see Saudi Arabia announced supply cuts ... on the tape from this morning.
reminds me of 1200 for gold.
Lots of politics involved here
A little spice (for the first time for me) - Just adding a "catalyst" to be on the lookout for. Clinton was great at trading crude oil. Bush wasn't so good (actually, terrible). And Obama has been pretty good (selling when prices are high and buying when prices are low).
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out