Starting to see some improved trading in the June Crude Oil Futures contract. As you know, I personally focus on day to active trading this market. I’m not a big proponent of taking longer term positions. With that, I’m focusing on two trading opportunities happening now. In each case, I have the potential of earning [...] [...more]
Following the US dollar’s broad gains during yesterday’s trading session, the price of crude oil extended its bearish run throughout the day. Dollar based commodities, like oil, typically fall when the USD is strong, because it makes them more expensive for international buyers. The price of crude slipped within reach of $103 a barrel yesterday. [...] [...more]
This is a very common question when you trade the crude oil futures. Contract rollover is important as an active trader. This is my general rule I use to determine the rollover date of Crude Oil Futures. I calculate 5 business days prior to the 25th of each calendar month and it’s the close of [...] [...more]
Prepared by Jamie Saettele Crude’s 3 wave correction from 6966 may be complete just shy of its 100% extension (8318). There are 5 waves up from 7590, which composes wave c of y. Crude has nearly retraced the entire rally from 7590 and the decline is sharp and impulsive in manner. 7500 is potential support. [...] [...more]
Commentary: Crude oil fell notably for the third day in a row, shedding $2.29, or 2.92%. Over the last three sessions, the commodity has lost $5.74, or 7%. Weak economic data, especially out of the U.S., has challenged the optimism that was developing in financial markets. Whether the recent sell-off is merely a correction of [...] [...more]
Crude Oil (WTI) – $77.28 // -$0.74 // -0.95% Commentary: Crude is increasingly tracking overall risk sentiment with the correlation between prices for the WTI contract and the MSCI World Stock Index now at 0.74, the highest in nearly three weeks, on 20-day percent change studies. This hints that a rebound may be ahead in [...] [...more]
Crude oil fell notably on Tuesday as growth concerns reemerged. Traders will now look to the DOE inventory report set to be released on Wednesday. Gold continues to move inversely to the US Dollar. Crude Oil (WTI) – $80.12 // -$0.13 // -0.16% Commentary: As has been the pattern in recent sessions, crude oil followed [...] [...more]
60 Minute Bars Prepared by Jamie Saettele Crude’s 3 wave correction from 6966 may be complete just shy of its 100% extension (8318). There are 5 waves up from 7590, which would compose wave c of y. Look lower from here. Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday evenings), technical [...] [...more]
Crude oil fell sharply on Tuesday as growth concerns reemerged. Traders look to the DOE inventory report next. Gold has been moving inversely to the US Dollar. Commodities – Energy Crude Oil Tests Levels Below $80 Crude Oil (WTI) – $80.12 // -$0.13 // -0.16% Commentary: As has been the pattern in recent sessions, crude [...] [...more]
60 Minute Bars Prepared by Jamie Saettele Crude’s 3 wave correction from 6966 may be complete just shy of its 100% extension (8318). There are 5 waves up from 7590, which would compose wave c of y. Look lower from here. Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday evenings), technical [...] [...more]
Crude oil got a boost from the continued uptrend in equities, as traders consider recent weak economic data as priced in. Gold fell after the greenback rallied strongly off support. Commodities – Energy Crude Oil Rises With Equities Crude Oil (WTI) – $81.08 // -$0.40 // -0.49% Commentary: Crude oil advanced $0.78, or 0.97% on [...] [...more]
60 Minute Bars Prepared by Jamie Saettele Crude’s 3 wave correction from 6966 may be complete just shy of its 100% extension (8318). There are 5 waves up from 7590, which would compose wave c of y. Look lower from here. Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday evenings), technical [...] [...more]
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