Trade Crude Oil - Topic: Daily Chart Trading

lode1 on Daily Chart Trading

Thu, 29 Jul 2010 14:23:28 +0000

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Probafix on Daily Chart Trading

Thu, 22 Jul 2010 07:23:03 +0000

This thread is going to be dead.. please send me upated charts.

DutchTrader on Daily Chart Trading

Mon, 15 Feb 2010 06:03:52 +0000

Found this chart at Cliff Wachtel's blog. Looks like enough room for another downward move.

Madnesz on Daily Chart Trading

Mon, 01 Feb 2010 06:16:37 +0000

Could be bouncing of the 38.2% Fibonacci level now. If it continues to go down, look for the trend line just above the 72 level.

Madnesz on Daily Chart Trading

Sun, 10 Jan 2010 16:36:51 +0000

Hi fellow traders! I'm back from my holiday, ready to start trading again. Who likes to discuss trade setups with me?

Madnesz on Daily Chart Trading

Thu, 17 Dec 2009 10:40:41 +0000

Even broke the 50% level, but big comeback today. Hate myself from missing the big ride up. Anyone else got lucky? And where to go now?

Madnesz on Daily Chart Trading

Thu, 10 Dec 2009 05:06:54 +0000

Boom! Big crash yesterday. Fundamentals are too strong to get this thing back up at the moment.

Clearly breached support at 71.60 and also broke through the 61.8% Fibonacci level. Let's see if it's going to break the 50% level now.

Madnesz on Daily Chart Trading

Wed, 09 Dec 2009 05:03:51 +0000

Daily candle closed above the 61.8% level. I see the opportunity to go back to 76.35 from here.

Steven on Daily Chart Trading

Tue, 08 Dec 2009 18:02:42 +0000

Commercial inventories are down, more news that we might see a bullish rally wednesday.

Madnesz on Daily Chart Trading

Tue, 08 Dec 2009 09:43:11 +0000

Let's see if the 38.2% Fibonacci level is going to act as support. If candle closes on the upside, we might be ready to bounce back to 76.33 (23.6% level).

Madnesz on Daily Chart Trading

Tue, 08 Dec 2009 09:03:55 +0000

Ok, didn't go back into the range. Probably going all the way down to 71.40, which could be a good opportunity to pick a bottom.

Madnesz on Daily Chart Trading

Tue, 08 Dec 2009 06:18:12 +0000

Is broke out of the range, but is still above the major trendline. Strong support at 71.40

For the time being, I see it moving back into the range, potentially going up to 78.00

DutchTrader on Daily Chart Trading

Thu, 03 Dec 2009 10:48:12 +0000

Support: $74.40

Resistance: $78.81

10-day Moving Average: $77.11

Wait for support to hit, then buy...

Madnesz on Daily Chart Trading

Thu, 03 Dec 2009 10:24:24 +0000

And all it does is going down... Still looking for that 73...

Steven on Daily Chart Trading

Thu, 03 Dec 2009 04:35:56 +0000

From StockMarketReview:

Crude oil witnessed some downside yesterday after EIA report showed an unexpected built in crude oil inventory. A fall in equities also added pressure on crude oil prices. We expect crude oil to bounce back today on expectations of positive sentiments backed by robust economic data from euro zone coupled with further weakness in the dollar