Posts Tagged us crude oil

Crude Oil – Break up to the upside for almost 200 points

Crude Oil - Break up to the upside for almost 200 points

There was a fantastic move today on the Crude Oil market. I had an order 5 points above the resistance line and when it broke, it just flew. I only managed to take 100 points but the market has shot up to 8922, that's a huge 170 odd points move so far! What you'll find with oil is when you get these sort of moves, they are huge and you can expect a few hundred points. I'm sure the price actionwill take us higher now that the price action is also above the 20 day Moving Average on the Daily Ch

September 7, 2011 2 Comments Full Story

Shorting US Crude Oil – Stopped out!

Shorting US Crude Oil - Stopped out!

With the stock markets looking weak, Oil is said to follow. I had entered a short on a previous day low and also under the round number at 9100. My order was 9090 and it got hit. However, soon after this the market went up and it wasn't even certain as to whether this trade would go the right way. With breakout trades, I should have perhaps saw that this wasn't going anywhere and closed out before my stop was hit. However, the market moved 20 points above my stop before it did stop and reversed

August 4, 2011 No Comments Full Story