Crude Oil Futures

noreply@blogger.com (Unknown) — Wed, 25 May 2011 07:37:00 -0700

20110525 Crude Oil futures hourly.

noreply@blogger.com (Unknown) — Thu, 12 Aug 2010 23:36:00 -0700

20100813 Crude Oil futures 5 min chart update...

noreply@blogger.com (Unknown) — Thu, 12 Aug 2010 20:49:00 -0700

20100813 5 min crude oil futures chart with ADX, uptrend...

Fwd:

noreply@blogger.com (Unknown) — Thu, 12 Aug 2010 20:35:00 -0700

20100813 Crude Oil Futures 1 min chart, breakout trade...

noreply@blogger.com (Unknown) — Wed, 11 Aug 2010 02:57:00 -0700

20100811 Crude Oil futues 2 min chart for this afternoon...

noreply@blogger.com (Unknown) — Sat, 24 Jul 2010 06:31:00 -0700

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noreply@blogger.com (Unknown) — Fri, 19 Dec 2008 22:13:00 -0800

20081219 How wrong we were.... The price is for cust loss, as crude oil keeps going down further in its trend.

noreply@blogger.com (Unknown) — Fri, 12 Dec 2008 18:24:00 -0800

20081212 Crude oil has pushed through mov avg resistance and pulls back.... looks bullish in the near term, if price action confirms to upside...ie takes out the high which will see US50 per barrel.

noreply@blogger.com (Unknown) — Fri, 31 Oct 2008 19:49:00 -0700

20081031 If the crude oil futures makes another test of the lows, than we may have a box in place for the breakout in either direction.

noreply@blogger.com (Unknown) — Sun, 12 Oct 2008 05:11:00 -0700

Gold Silver, agriculture products and oil plummet on Friday. This guy, Jim Rogers was expousing himself as a market guru on Bloomberg TV on Friday morning saying, "capitulation, it is time to buy to cover my short positions in stocks". To a question on what else he was buying he said "I bot a bit of Taiwan, a bit of China, and into agriculture" This from a guy who when commodities were doing their blow off top and China stock market as well many months ago was saying "I am long commodities, long China stocks", as though it was going to the moon.

To me this guy is arrogant. Why the hell do people want to know what he is buying. He also said, "I am not a market timer, I am the worst short term trader" A load of hogwash, if you are not a market timer, why are you in the markets man? It is like the investor who gets into a trade in a stock when it is going up, the market turns around suddenly, then the short term trade (or investment) becomes "oh, I am in it for the long term now" This is how short term disasters become long term investments.(non market timing)

I do agree with him though, that buying China stocks is a good deal at current prices. Don't know about Taiwan though as there is no sign of support.

noreply@blogger.com (Unknown) — Sat, 11 Oct 2008 06:31:00 -0700

20081010 Expectations of a recession (depression) means the crude oil did not escape the global selling of assets of all types. Moral of the story is 'don't believe the analysts (Goldman Sachs super spike;. Remember these guys write stuff based on their positions in the markets, and they are the ones who thought up the credit default swaps and collateralised debt obligations (CDO) that brought the world financial system to its knees as of today. They don't learn from history: remember Enron? At least JP Morgan and Citigroup were bitten there, and now is in the best position of the investment banks. If you ask me they should legislate to take back the multi million bonusses these boffins paid themselves in bonusses.

noreply@blogger.com (Unknown) — Fri, 3 Oct 2008 19:27:00 -0700

20081004 Well, so much for the rebound theory. This illustrates the danger of trading with a static and stubborn mindset. Anyway, back to the charts, the crude oil chart indicates the direction the economy will take in the coming year.

noreply@blogger.com (Unknown) — Tue, 23 Sep 2008 01:50:00 -0700

20080923 Here is the deal. In the past couple of months, we have seen this drop in equities worldwide and commodities as well. What was happening was the big investment banks, because of their exposure to the sub prime CDs and credit default swaps, all exhausted their capital. Hence they underwent the process of 'deleveraging' and asset liquidation to improve liquidity, causing the massive contraction in equity and commodity prices. Since last Friday and last week's events, where the 5 investment banks now became the two, there was a massive 'cut loss' (Bear Sterns, Lehman, Merrill Lynch), followed by the US rescue package. Thius the events causing the massive selldown is diminished somewhat paving the way for equities and commodities to regress towards their mean.(true value) We see a 50% retracement form recent lows for commodities.

noreply@blogger.com (Unknown) — Mon, 22 Sep 2008 21:16:00 -0700

20080923 Had no idea how to trade this V shaped reversal on the crude oil futures. Maybe the sell down was caused by Goldman Sachs cutting its futures long positions.(remember their 'super spike' view on the crude oil) Anyway, the only trade on offer is to wait for a retracement to re touch the downtrend line, which is now broken to the upside, for the long trade.

noreply@blogger.com (Unknown) — Fri, 19 Sep 2008 18:35:00 -0700

20090919 Resistance of 112 could be tested in the days ahead.

noreply@blogger.com (Unknown) — Mon, 15 Sep 2008 21:02:00 -0700

20080916 The trend continues and accelerates in the crude oil futures. Missed this fast and severe move. Might well be the market to go sideways in the next week or so.

noreply@blogger.com (Unknown) — Thu, 4 Sep 2008 18:03:00 -0700

The inverted head and shoulders pattern did not trigger, and the downtrend in crude oil resumes... Waiting for the next pattern to develop.

noreply@blogger.com (Unknown) — Wed, 27 Aug 2008 16:24:00 -0700

20080827 An inverted head and shoulders formation forming? Might be, for crude oil futures, if 122 is breached on the upside we can see 127. Time will tell.

noreply@blogger.com (Unknown) — Tue, 12 Aug 2008 23:08:00 -0700

The crude oil futures is now up 0.20, after being down over 1.40 this morning (Asian time). In case you are skeptical that the crude oil may bounce from here, take a look at history, back about a year, when crude plunged to US91 per barrel in Nov 2007. Guess what price it went up to? US145....

noreply@blogger.com (Unknown) — Tue, 12 Aug 2008 06:22:00 -0700

20080812 0914 ET. Crude oil futures are now up US1.05 per barrel, vindicates somewhat the decision for the long position.

noreply@blogger.com (Unknown) — Mon, 11 Aug 2008 18:37:00 -0700

20080811 With the Russian/Georgian conflict looming andongoing, crude oil may rebound to us120 per barrel. Might be time to look for buy levels.

noreply@blogger.com (Unknown) — Tue, 29 Jul 2008 07:46:00 -0700

20080729 1039 am ET. Crude Oil futures has hit the target of USD21 per barrel. So much for the analyst who said when the price was usd130, "Well, if you think of crude oil going to usd200 per barrel, then this is a good level to buy..."

noreply@blogger.com (Unknown) — Mon, 21 Jul 2008 20:32:00 -0700

20080722 OK, the crude oil is retracing upwards. If one is looking for a move to 121, the logical place to turn short again is just in front of the 50 moving average, around 133.9 to 134 area. Stops can be well defined at the next moving average.

noreply@blogger.com (Unknown) — Fri, 18 Jul 2008 22:15:00 -0700

20080719 Further drop in crude oil futures. It seems the bubble has well and truly popped on the overexuberant bulls (silly ones), it is good for the consumer, hopefully the cost of air travel will fall back. The price action of this sell off indicates the big money cashing out and turning short this market. Looking forward, it is probably going to bounce, suck in more stale bulls averaging losing positions then fall to new lows of us120 per barrel.

noreply@blogger.com (Unknown) — Thu, 17 Jul 2008 19:06:00 -0700

20080718 Well, the double top triggered the short to 129 currently. US120 per barrel beckons.