Sunday, January 27, 2013

Day Trading Oil Crude

Day Trading Oil Crude , by using E-mini QM Charts

[caption id="attachment_6001" align="alignleft" width="150"]Oil Crude Day trading Day trading Oil Crude[/caption]

Day trading Oil Crude Weekly Chart / Monthly Chart 

AS you can see, we touch once again the "red short trend line". And we finish with a Doji. If this months we close lower than 94.00 price, we are going to test  my "2 green line". Also is my long term targets. My "Small green Line" is my first target to get hit on weekly chart. For Next weeks, I'm looking for short Oil, if we close under 94.00.   [caption id="attachment_6000" align="alignleft" width="150"]Oil Crude Price Oil Crude Day trading Chart[/caption]

Day Trading Oil Crude Daily Chart with targets

Monday, like for most of my direction will be a decisive day. We are at the end of consolidation [...]

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Oil daytrading

Oil daytrading price update and targets on BRN Futures.

BRN 03-13 (Weekly)  Week 1_2012 - Week 52_2012   This Chart are 4 Weeks Old, I use it on my old post. As you can see,my green Buyers trend line was useful and did support price at ~111.45 price (red line). And now,this price are supporting Buyers . I'm looking to get to my second target and a 3rd in few weeks. then we will hit the first double top (3rd target long), and depending on each party commitment, we should get out or keep "long" position. For next week , if sellers win on Monday, with more than 200k of volumes. We will see a 50% retracement, to my red line. Is possible to see price go down till 100.35 , but buyers should not support this price, and close above ~111.45 (red line).

Oil dayTrading Movement of price for next week

[caption id="attachment_5874" align="alignright" width="150"]BRN 03-13 (Weekly)  Week 39_2012 - Week 4_2013[...]

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