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. JSSPMK

    JSSPMK

    not looking over my shoulder, are you? :)
     
    #11     Feb 6, 2008
  2. JSSPMK

    JSSPMK

    bump
     
    #12     Feb 6, 2008
  3. JSSPMK

    JSSPMK

    I know it can change any moment, but it's not really breaking down as it ought to considering IF it's still bearish, clearly serious trading entities are seeing bullish signs here


    edit 1 min after post: LOL indeed :)

    nice trade Usman
     
    #13     Feb 6, 2008
  4. usman88

    usman88

    whoaaaaaaaaaaaaaaaaaaaaaaaaa
     
    #14     Feb 6, 2008
  5. usman88

    usman88


    !!!!!!!!!!!
    sell short AGAIN at 8730 target 8640
     
    #15     Feb 6, 2008
  6. JSSPMK

    JSSPMK

    Even more of a wedge, price bounced of wedge's lower TL so far, setting up a triple D on hourly, when that completes I will be looking for a long entry
     
    #16     Feb 6, 2008
  7. JSSPMK

    JSSPMK

    Went long 87.10, small stop, counting on a bounce here
     
    #17     Feb 6, 2008
  8. usman88

    usman88

    if u just went long then i suggest square immediately....going down now
    added to short at 8760
     
    #18     Feb 6, 2008
  9. 84.425 is critical short term swing support. I'm short from 02/01 open and will stay that way until I see something to get me out. 88.750 is my current stop.
     
    #19     Feb 6, 2008
  10. JSSPMK

    JSSPMK

    Trade what you see is name of the game, sometimes we make mistakes, sometimes they are not mistakes, just being on wrong side of market. So far today I had a very good day trading what I see, if this one doesn't go my way it has a 20-30c stop on it, potential reward much greater. Anyway, I am not going to wish you good luck on this one as I am long :)
     
    #20     Feb 6, 2008