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Old Feb 20th, 2012, 06:42 AM   #28837
BCE
 
 
Join Date: Sep 2002
Location: Omnipresent :)
Posts: 4,035
Quote:
Quote from JohnBob:

1130am ET tomorrow for the close. See PDF file at link below.

http://www.cmegroup.com/tools-inform...dar/index.html
GM 3:43 AM. Crazy? Check.

Actually, looking again, these are the trading hours today. http://www.mirusfutures.com/emails/h...tsday_2012.htm Looks like this trades til 1:15 PM EST and then resumes at 6 PM EST.
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Old Feb 20th, 2012, 09:08 AM   #28838
JohnBob
 
 
Join Date: Jan 2004
Location: Kansas
Posts: 98
Quote:
Quote from BCE:

GM 3:43 AM. Crazy? Check.

Actually, looking again, these are the trading hours today. http://www.mirusfutures.com/emails/h...tsday_2012.htm Looks like this trades til 1:15 PM EST and then resumes at 6 PM EST.
Agreed. It helps if you look at the NYMEX hours of the PDF file and not something else.
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Old Feb 20th, 2012, 09:58 AM   #28839
BCE
 
 
Join Date: Sep 2002
Location: Omnipresent :)
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Going to let it go for now. Be back later. Hope everyone had a nice weekend.
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Old Feb 20th, 2012, 11:01 AM   #28840
Visaria
 
 
Join Date: Sep 2004
Location: London, United Kingdom
Posts: 4,937
Long 10515 (Marches), small position .
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Old Feb 20th, 2012, 11:30 AM   #28841
Good Fortune
 
 
Join Date: Jan 2011
Posts: 160
Quote:
Quote from NoDoji:

OK, I've annotated my daily chart to show what I meant by channel breakout. You are correct in that oil met resistance several times as it tested the upper channel/trend line (UTL) of the channel, but Monday broke out. Technicians view that move as a channel breakout or a bull flag continuation breakout as described here:

http://www.daytradingcoach.com/daytr...s-course.htm#7

So if I was swing trading, I'd be long and looking for a minimum profit target of at least a measured move equal to the range of the last run up prior to the bull flag formation, which takes us to around 106.62.

Nice analysis.
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Old Feb 20th, 2012, 07:15 PM   #28842
BCE
 
 
Join Date: Sep 2002
Location: Omnipresent :)
Posts: 4,035
What do you think? Sell the Greek news as we assume an agreement will be reached, but we don't know the details which may be worse than expected?
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