The stock market is not offering much so we’re posting where the next technical play in crude oil (/CL) is on the chart below. /CL has made large percentage gains each of the last three trading days. This has brought price to […]
Today at 10:30 am EST, the EIA Petroleum Status Report which will definitely influence the price direction of crude oil (/CL, USO) today. In light of this, we’re offering out opinion for the direction of crude oil in the short term below. […]
Each week Peter and his minions scour the markets to find the best equity and forex setups for the followers of the Swing Trader and FX Trader. Premium subscribers get 2-5 of these daily. Every weekend we present one trade idea from […]
Each week Peter and his minions scour the markets to find the best equity and forex setups for the followers of the Swing Trader and FX Trader. Premium subscribers get 2-5 of these daily. Every weekend we present one trade idea from […]
A bounce play in Crude Oil is profiled below. This chart plots the daily price of WTI Crude Oil which can be traded via the Light Sweet Crude Oil Futures Contract (/CL) or the United States Oil Fund (USO). As the chart […]
A short trade setup in Crude Oil is described below. After three strong days higher, Crude Oil is coming into descending trendline resistance (red arrow). We’re looking for a reversal back lower to the level just over 43.00 (green arrow). USO is […]
Oil’s recent pain can equal a short term gain. Please observe the chart below. For a short term trade, we’re looking for crude oil (/CL) to reverse off support just under 44.00. The significance of this level is illustrated with magenta ovals […]
The daily chart of Crude Oil (/ES, USO) posted below illustrates the hurdles facing bears for continuation lower. Crude oil broke the downside of the three month ascending wedge outlined by red lines. However, the 61.8% level of the Fibonacci retracement study […]
Good morning traders. With yesterday’s move back higher in oil (/CL), follow through of as much as 8.0% to the upside is now on the table. Please observe the chart below Yesterday’s violation of Tuesday’s topping tail is noted on the chart. […]
Good morning traders. Over the weekend, relationships between oil producing middle eastern countries became even more strained. We acknowledge that global crude oil production and pricing dynamics have changed over the past year, but these political tensions may cause a short term […]
ShadowTraderPro Swing Trader December 21, 2015 You can get real-time alerts to your phone for this advisory by texting “follow st_swing” (without the quote marks) to 40404 on your cellphone. No twitter account is necessary. To stop receiving alerts, simply […]
