Us light crude - trading tips

[TZ Futures]

UPDATE @ LONDON TIME: 15.08

US LIGHT CRUDE (DEC)
With indices in negative territory, crude has also fallen from yesterdays peak of nearly $82.

Trading tip...
Buy crude when around $80.00-80.25 today and sell at $80.90-81.00

 

[N Rothschild]

wow thanks.

 

[TZ Futures]

Update: 16:01

Get ready for a temporary rally led by the US. If holding crude hold on until $81.50-$82.00, I would then short it at this level again back down to $80.00.

 

[TZ Futures]

Update: 19:39

The market rally has started led by the US as expected, this has forced the oil price to push higher. It is 8122 as it stands. Due to the strength of the rally (Dow up 130+ points) wait for crude to hit $81.75-$82.00 before going short again, with a target of $80.75 for now.

 

[TZ Futures]

23 Oct 2009 : US Light Crude Trading Tips

Update 08:16

The same strategy remains this morning after a strong opening in the stock markets. Sell at near $82.00 and target $80.75-80.50

 

[TZ Futures]

Update 11:49

Very quiet day so far, markets waiting for Microsofts Q3 results. If it doesnt beat the estimates of 32c earnings and sales of $12.4 billion, markets WILL take a turn and come back down dragging Oil down too possibly below the $80.

Lets wait and see at 1:30pm UK Time.

 

[TZ Futures]

Well microsoft proved good results, markets initially went up and then there was a sell off all afternoon.

Those who shorted the Oil when I said would have done well by now with oil back down the $80 end.

Next week will be another volatile week, so prepare for a rough ride.

Have a great weekend.
Lakhan

 

[TZ Futures]

US Light Crude (DEC) Trading Tip : 26 Oct 2009

Update 08:35

Current Level: 80.06
Support: 79.50 and 78.85
Resistance: 81.00 and 82.00

The cracks have started to appear in this volatile market, but as long as we are above 80 bucks and remain here for a good few hours at least, we should be safe holding long positions until 81.00 for starters today.

In the medium term, I am still expecting a sell off in Crude and Equities after the US earnings season comes to an end.

 

[TZ Futures]

Update 13:35

If you have closed your long position at around 81.00 as mentioned, wait for a pull back down to 8050 to get back in again, this time targetting 81.40.

 

[TZ Futures]

Update 16:03

We are currently going through a strong sell off once again! However, there is substantial support for the US Light crude (DEC) at 77.85, we would buy back in at this level targetting 80.00 and stop loss at 77.30

 

[TZ Futures]

US Light Crude (DEC) Trading Tip - 27 Oct 2009

Update 08:45 GMT
Current Level: 78.66
Support: 77.82 and 77.00
Resistance: 80.00

A huge sell off yesterday from our high near our resistance at 81.66 down to below $78!

$80 is now our resistance and I doubt we will go above here today. I would prefer to play this to the short side especially on any strength today from the $79.50 - $80.00 area.

 

[TZ Futures]

US Light Crude (DEC) Trading Tip - 28 Oct 2009

Update 09:20 GMT
Current Level: 79.04
Support: 77.75 and 77.00
Resistance: 80.00

My levels were spot on yesterday, we got to a high of 79.89 and a low of 77.81.
Today we are seeing the market heading lower so will have to see how low we can get down to and more importantly for how long we stay down there.

We got some important data from the US coming out at 12:30pm (Durable goods) and 2pm (New home sales) UK time, which will give the markets in general direction for a further pull back or relief from this sell-off.

Crude is expected break out of the 77.75 - 80.00 trading range later today but my guess is to the downside.

 

[grey007]

It all means that crude has became crucial!!!

Graphic design Gold Coast

 

[TZ Futures]

US Light Crude (DEC) Trading Tip - 29 Oct 2009

Update 09:30 GMT
Current Level: 77.76
Support: 76.75 and 76.50
Resistance: 80.00

Our 77.00 support level remained firm yesterday. At 77.00 I would see this as a buying opportunity and target 78.50 for today - unless of course, the US GDP data comes out worse than expected, then we may see price drop to 76.50 which I would again be a buyer but only target 77.50.

 

[TZ Futures]

US Light Crude (DEC) Trading Tip - 02 Nov 2009

US Light Crude (DEC) Trading Tip - 02 Nov 2009
Update 08:30 GMT
Current Level: 77.28
Support: 76.55
Resistance: 78.50, 80.40

I would be long between our support level of 76.55 to the current price 77.25 with a target of 78.40, stop loss 75.80. The downside risk as it stands should be limited in the coming week with $75 holding pretty firmly and I would be buying into any dips.

 

[zuke]

This is my analysis. Weekly Trend remains up, 4HR trend is just starting to turn to the upside. Hence I will be using the 15M chart for my entry which will be the first 15M Candle to open and close above 77.34 (Strong MM Pivot Point). My targets will be 79.70, 81.50 and I will leave the last lot on the table until an opposite signal or 83.00. SL will be 76.40. Now just have to wait to get filled

 

[TZ Futures]

US Light Crude (DEC) Trading Tip - 03 Nov 2009

US Light Crude (DEC) Trading Tip - 03 Nov 2009
Update 11:15 GMT
Current Level: 77.24
Support: 76.55
Resistance: 78.50

Our levels did a great job yesterday again, but we will surely see a breakout either way soon, I would trade within the range with tight stop losses in case of any breakout.

 

[zuke]

This is my analysis. Weekly Trend remains up, 4HR trend is just starting to turn to the upside. Hence I will be using the 15M chart for my entry which will be the first 15M Candle to open and close above 77.34 (Strong MM Pivot Point). My targets will be 79.70, 81.50 and I will leave the last lot on the table until an opposite signal or 83.00. SL will be 76.40. Now just have to wait to get filled

So I have now been filled 3 lots LONG at 77.42. TP1 is 78.92 where I will take off 1 lot. Stop Loss is at 76.42.

 

[zuke]

This is my analysis. Weekly Trend remains up, 4HR trend is just starting to turn to the upside. Hence I will be using the 15M chart for my entry which will be the first 15M Candle to open and close above 77.34 (Strong MM Pivot Point). My targets will be 79.70, 81.50 and I will leave the last lot on the table until an opposite signal or 83.00. SL will be 76.40. Now just have to wait to get filled

So I have exited 1 lot at 79.70 for +156 moved my stop to 78.34 and next target is 81.50

 

[matrader]

Great trade!(so far)