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5:53 pm
November 29, 2009
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DutchTrader
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| Member | posts 15 |
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Bounced beautiful of the 50% Fibonacci Projection level last week…
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7:22 am
November 30, 2009
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Madnesz
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| Member | posts 25 |
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Looks like there is enough downwards potential to go to $73…
 
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5:55 pm
December 1, 2009
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Steven
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| Member | posts 13 |
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Still trading in this range. Look at the upper range for 79.40
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4:35 am
December 3, 2009
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Steven
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| Member | posts 13 |
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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
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10:24 am
December 3, 2009
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Madnesz
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| Member | posts 25 |
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And all it does is going down… Still looking for that 73…
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10:48 am
December 3, 2009
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DutchTrader
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| Member | posts 15 |
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Post edited 10:52 am – December 3, 2009 by DutchTrader
Support: $74.40
Resistance: $78.81
10-day Moving Average: $77.11
Wait for support to hit, then buy…
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6:18 am
December 8, 2009
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Madnesz
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| Member | posts 25 |
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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
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9:03 am
December 8, 2009
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Madnesz
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| Member | posts 25 |
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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.
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9:43 am
December 8, 2009
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Madnesz
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| Member | posts 25 |
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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).
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6:02 pm
December 8, 2009
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Steven
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| Member | posts 13 |
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Commercial inventories are down, more news that we might see a bullish rally wednesday.
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5:03 am
December 9, 2009
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Madnesz
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| Member | posts 25 |
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Daily candle closed above the 61.8% level. I see the opportunity to go back to 76.35 from here.
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5:06 am
December 10, 2009
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Madnesz
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| Member | posts 25 |
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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.
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10:40 am
December 17, 2009
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Madnesz
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| Member | posts 25 |
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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?
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4:36 pm
January 10, 2010
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Madnesz
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| Member | posts 25 |
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Hi fellow traders! I'm back from my holiday, ready to start trading again. Who likes to discuss trade setups with me?
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6:16 am
February 1, 2010
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Madnesz
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| Member | posts 25 |
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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.
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6:03 am
February 15, 2010
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DutchTrader
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| Member | posts 15 |
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Found this chart at Cliff Wachtel's blog. Looks like enough room for another downward move.
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