Oh_If_Only

Hello Supporters and Viewers, Here is new month Oil chart. Currently there is an "in-neck" bar forming which suggests further downside. Indicators are also suggesting more downside, as is the bulk of TV opinion. Looking at the main players, this view may be borne out. Call volumes are sitting 55-57 with a weekly change of +13k. Put volumes are at 50-52 with a ...

Oil Update. Refer related US OIl WTI CLK7 tag Hit my $52 ellipse. Open Producer positions have dropped to 638k Short and 379k Long net short 259k vs 253k Managed Money positions are 116k and 344k respectively; net 228k vs 210k last week May open Interest is 482k down from 586k I am expecting a drift upwards for the next few days then tailing off into contract ...

May Oil contract rolls Apr 20. Expect a gap! Open Interest is currently 2.22m (Mar 28 CFTC Reports) Time Line: Mar 28, Mar 21, Mar 14, Mar 7, Feb 28 K (000's) Producer Longs: 410, 416, 402, 342, 323 Prdcr Shorts: 663, 678, 674, 663, 661 Prdcr Net: 253, 262, 272, 321, 338 Money Manager Longs: 345, 361, 384, 418, 429, 449 MM Shorts: 135, 128, 129, 61, 61, 44 MM ...

WES is ex dividend Mon 20 Feb by $1.03 so $43.09 - $1.03 := $42+/-. Allowing for slippage, it could trade down to $41.85 Monday before attempting to rally back to support at $42. But over the next few days I believe it will drift lower towards old resistance now support at $41.50 There is also that break away body gap at $40.98-41.18 which needs to fill. The keys ...

Feb 17 18:00 AEDT March Futures expire next week hence I am using "K" May 17. As at Feb 7 Net Long CoT Managed Money stood at 360k open interest. (Source CME Group) I commented on the Weekly Chart last week, but thought I would add my view on the Daily, since I am now long oil. I believe this chart shows a bull flag on the late Nov 2016 rise. I have an up sloping ...

Feb 13 19:30 AEDT CL WTI May Weekly Update Consolidation and Seller Absorption Bars!. Buy Area -sub $54.20 down to $54.00 (I don't think it will make $53.50) Good Support at $53.10/20 (buy a few wells at that price) Struggling with the T-Line at the moment, but the 55 SMA is sweeping up nicely for added future support. Text book Dow with a break out; higher highs ...

Feb 12: 23.00 AEDT Ok here is one for the oil bulls. This stock has been beaten up recently, but the falling wedge and solid volume support at $3.60 and $3.90 suggests ST potential. Weekly Support is rising underneath, but at $3.50+ Ok the Trade: Buy now on the bullish gap bar at $3.90 SL $3.80 TP#1 $4.10 TP#2 $4.40 RR := 50/10 If it fails - re-enter at the ...

Feb 12: 11.00 AEDT This stock starts throwing up long pins in consolidation mode. In trend, it tends to have longer bars w/ short pins. My previous discussion (12 Jan) suggested a rally out of (expected) support at $5.29. This failed, and it pulled back to secondary support around $5.15 and $5.10 It is well supported on weekly as shown and has a higher high/ ...

Detail is on the chart This is a dividend play!

Detail is on the Chart. This is my view ... not a guarantee. Remember you are adults so please use your own analysis and processes.

Jan 17 16:00 AEDT Detail is within the chart. I prefer the Upper sell zone around $1220 so the strategy would Short x 1 1215-1212 Short x 3 1222-1218 Then when it falls Short x 1 1215 -1212 again Stop 1226 ... Ouch! TP#1 Buy 3 x 1200-1205 TP#2 Buy 2 x 1180-1185 Remember you are all adults. Do your own analysis

Detail on the Chart

Detail is in the Charts. Remember you are all adults. Trade your own plans and your own limits

Detail is in the chart. Encouraged by seeing Pardis post re ASX Stocks ... hat tip

Detail is within the Chart. As usual the XJO is pre-empting the SPY and the AUD Our market is not big enough to have its own ideas.

Jan 02: 17.30 AEDT Awkward chart - due to spinning top on Friday. I was expecting window dressing last week, and it was the bears. Next week, with most traders still on break, I am now expecting a brief rally. The tax losers are sold and growth stocks may support. Strong support at the 50% Fib, with rising secondary support by late Feb. The rolling top pattern ...

Dec 31: Down Trend Channel suggesting downside into support areas. Some solid resistance in current chart area with a long upper pin. Struggling.

Dec 31. Toppish pattern suggesting roll over and rising wedge. Short into lower Buy area. Then watch development for a (possible) second leg down