April 5, 2013
- in Uncategorized by schooloftrade
Crude Oil Futures; Projections & Predictions
 |
| Crude Oil Weekly |
With Crude
Oil prices tumbling just shy of $6.00 a barrel this week already, we’re excited
to be trading Non-Farm Payroll news tomorrow morning at 8:30am EST. We should see an active Friday to wrap up a
monster week in our live trade-room.
Here are the level’s we’re watching from here. Join us HERE.
Oil prices tumbling just shy of $6.00 a barrel this week already, we’re excited
to be trading Non-Farm Payroll news tomorrow morning at 8:30am EST. We should see an active Friday to wrap up a
monster week in our live trade-room.
Here are the level’s we’re watching from here. Join us HERE.
60-Minute / Hourly Chart:
 |
| Crude Oil Daily |
The
60-Minute chart of Crude Oil shows us just how dramatic this collapse in
price-action was this week. Our live
trade-room was filled with short-selling, and the occasional price-reversal
trades for some extra frosting on top.
As we test the major buy-zones around 92.51 this evening we know that
price-action may decide to keep rising back up into the middle of the
price-wedge around 94.57, so look for a break and close above 93.80 to the
upside to trigger buyers all the way up to 94.57.
60-Minute chart of Crude Oil shows us just how dramatic this collapse in
price-action was this week. Our live
trade-room was filled with short-selling, and the occasional price-reversal
trades for some extra frosting on top.
As we test the major buy-zones around 92.51 this evening we know that
price-action may decide to keep rising back up into the middle of the
price-wedge around 94.57, so look for a break and close above 93.80 to the
upside to trigger buyers all the way up to 94.57.
 |
| Crude Oil Hourly |
I could
easily see the price-action moving to the 95.00 big-round-number, or even the
highs of the range at 96.74 as we close out the week. We can only hope that we get to run all the
way back up to the 96.74 sell-zone. With
the week we’ve seen so far, nothing’s out of the question. We are going to be patient tomorrow, trying
to get into a long position on a pullback on the way up, trying to get into
this as close to the lows as possible.
easily see the price-action moving to the 95.00 big-round-number, or even the
highs of the range at 96.74 as we close out the week. We can only hope that we get to run all the
way back up to the 96.74 sell-zone. With
the week we’ve seen so far, nothing’s out of the question. We are going to be patient tomorrow, trying
to get into a long position on a pullback on the way up, trying to get into
this as close to the lows as possible.
Leave the runner-target all the way
at the highs and Friday might be the biggest day of the week for Crude Oil traders.
at the highs and Friday might be the biggest day of the week for Crude Oil traders.
