Crude has no bottom in sight. IF YOU TRY TO PICK THE BOTTOM PLEASE GET A HOLD OF US AND WE WILL TELL YOU WHERE TO SEND US THE CHECK INSTEAD. IT WILL BE LESS PAINFUL. :) BE PATIENT with crude. A bottom will happen soon enough but it will need to FORM a bottom first. We have no interest in shorting down here. Keep on watch list.
No comments... Just 1-st variant of possible price progression near future!
Crude is a trade we are stalking for 2016. We see the possibility of a bottom and will look to buy for a longer time frame. DON'T expect crude to bounce straight to $100...because it won't! We are taking a longer term approach to this. However we will still trade around the core position. We have a descending pattern that is one of favorites. We will watch...
This was the week of laid eggs. OPEC showed it no longer has any control. The oil production number was leaked earl in the day on Friday and basically said they will not curb production. With the current glut of oil, further production spells further trouble for oil. How far can she go? We think oil could flirt with the $30 area. At this point all pullbacks...
We didn't see this big of a move coming. We saw the break but expected a quick return to the wedge after getting more people short. It looks like they will squeeze Venezuela and Russia further with lower prices. August lows are a stones throw away. We will "nibble" short if we get a bounce. It will be with small size and tight stops. It won't take much to...
Crude is ready to fire off short based on our signals...however she has been all over the place. We ONLY like the long side so we are looking for a false signal and reversal. IF she does take out the most recent lows and picks up speed we will PASS until we start setting up to the long side. Every time we get a dip on crude we get more suspicious of the move so...
A quick move outside of the channel was short lived. We wanted to short after a close outside of the channels but the FOMC announcement kept us away. Regardless, there was no way that we would have triggered this trade. Crude blew back into the channel and could start chopping around. We will NOT get involved in this area. We will watch Crude and see how she...
Crude is testing the lower channel area. We are watching this closely. We want to see a clean break of the lower zone before look for trigger zones. Keep her on your watch list.
Crude made a quick move and got new longs stuck which fueled the sell off. We triggered long this morning and got stopped for 50 ticks which is a win in our book. We learned long ago that a stop is the beginning of a story. This story is telling us that there may be more downside. We are technically back in the consolidation area and we are sitting on our...
#2 is in the bag and we will push this trade as long a we can. Ideally we want to see the 200 Day EMA at around 56. This is a long way away but if this move is for real we should be able to stay with the trade. As price moves we will adjust stops to follow. We like what we see with the whole energy complex. Stay tuned.
WEEKLY VIEW of Crude. We have been hearing a lot of predictions about crude and we have even stated that we like the upside...but if you take a close look at the weekly chart it illustrates how crude tested each side of it's range and then closed in the middle for 5 straight weeks. Lots of indecision. The weekly pattern screams more upside but the indecision...
Two inside days means we are about ready to rock with Crude. This is a clean flag and we still like the upside but BE MINDFUL THAT CRUDE can go either way. There are a lot of factors at work with oil. Don't be a hero and guess. Wait for the market to tip it's hat and look for a trigger.
Crude moved fast and furious so we took some off at 42.04 and pulled stops to our entry level. We weren't expecting this quick of a move so we had to adjust. That is trading...noting is static. It's a free trade and we will trail the stop until we see target #2 or get taken out.
Crude is getting real ugly. This product will test you. While there is no doubt that oil in the 30"s is attractive it would be painful to buy on the way down. Nobody...and we mean nobody knows how far crude will go. However, we will watch the Descending Channel for an upside break.
Crude (22.05.2015) traded lower as per our expectation as mention in our previous article, however it fail to reach to $55.70 mark & bounced back with current week inventory support. Now crude is trading around $60 mark & as we can see on charts, crude trying to retest the broken trade line of ascending channel. The bounce was supported by volume as well as...
Crude(25.03.2015) broken downside & traded lower towards $43 mark as mention in our last analysis. However the recovery was quite sharp to resistance zone once again. Now crude is trading around $47.50 & as we can see on charts, its approaching to the broken tradeline of last symmetrical triangle pattern. This recovery seems to be a corrective one due to less...
THAT'S TRADING...we were looking for a pullback that didn't happen and our rules say "No Trigger, No Trade" and we didn't get a trigger therefore we are not in this move. Does it hurt...YES! But discipline pays and with discipline you will miss some moves. If you are short CONGRATS! Be sure to take some profits and move stops. $41 is approaching fast. We are...
Crude (10.03.2015) fall more than 60% in last 6 months & now consolidating in tight range , probably looking for another big move. Crude is trading around $50.80 & as we can see on charts it is trapped in a range & producing a symmetrical triangle pattern. Generally these patterns appear before a big move & provide a either side breakout in 50-75% length range....