Next S becomes R: 97.80 level After that, 99.00's in play, which coincides with a channel line on the daily chart as well. No short signals yet on the daily chart, unless you're fading that upper channel line in advance of a test. Intraday, good both ways
Pullback counter-trend short signal for swing traders on the daily chart with pullback support levels as follows: Previous R becomes S = 94.65 to 94.25 Previous long pivot entry retest support: 92.90-93.00 20-day MA support: currently 91.70
Bulls defended the .65 zone twice so far I'm laying low till the inventories (that's code for stepping away from my desk)
good entry Visaria, you looking for 94? remember to take profits =) thanks NoDoji. took a short 95.13 to 94.73 this morning. waiting now
10:30am DOE Crude Inventories est. 500K range -3100K to 2000K prior 1826K DOE Distillate Inventory est. -2200K range -3800K to 1000K prior -3575K DOE Gas Inventories est. 1000K range -2750K to 2000K prior 1356K DOE Refinery Utilization est. 0.35% range -0.5% to 0.75% prior 0.5%
Prior Actual Crude oil inventories (weekly change) 1.8 M barrels -1.4 M barrels Gasoline (weekly change) 1.4 M barrels -2.1 M barrels Distillates (weekly change) -3.6 M barrels -6.0 M barrels