Technical outlook on Crude

Discussion in 'Commodity Futures' started by JSSPMK, Feb 6, 2008.

What do you think?

  1. Agree

    23 vote(s)
    53.5%
  2. Disagree

    14 vote(s)
    32.6%
  3. Don't know

    6 vote(s)
    14.0%

  1. Like trying to keep a basketball underwater today. Hoping for a little sell off in Apr but my stop is pretty tight either way. good luck.
     
    #111     Feb 19, 2008
  2. JSSPMK

    JSSPMK

    Yes, countertrend requires smaller stops than trend following. Good luck to ya 2 m8!

    97.5 my target on this one
     
    #112     Feb 19, 2008
  3. Hey, mate

    Just as long as you make some coin at the end of the day! :)

    I jump in and out of ES; with crude, sometimes I need a little commitment (2-5 days) im my life.
     
    #113     Feb 19, 2008
  4. JSSPMK

    JSSPMK

    It's always nice to be on right side of a multi-day move, have you voted on USD/JPY SS?
     
    #114     Feb 19, 2008
  5. JSSPMK

    JSSPMK

    30m chart's D now has finally kicked in, $97 almost certain projection now, maybe it will lead to more downside, who knows.
     
    #115     Feb 19, 2008
  6. JSSPMK

    JSSPMK

    I can't believe people are still voting LOL
     
    #116     Feb 20, 2008
  7. are the inventories coming out this morning? the action is pretty muted today so I'm guessing they haven't been released yet. anyone know what's going on?

    edit: coming on Thursday due to holiday. doh!
     
    #117     Feb 20, 2008
  8. sc024455

    sc024455

    bloody bloomberg calender said they were coming out today.
    Stef
     
    #118     Feb 20, 2008
  9. wow.. the top just blew off of oil. the equities are whipping around like crazy too. fun day.
     
    #119     Feb 20, 2008
  10. JSSPMK

    JSSPMK

    I see another push towards breaking $100 in the making, 240's MACD will eventually indicate retrace that may lead to reversal (I certainly haven't got a clue whether it will), but at the moment 180 chart is showing a bullish pattern.
     
    #120     Feb 25, 2008