Daily Crude Oil Analsys

WTI Trade plan for 1/11/2017

WTI Crude intraday trade plan – Jan 11th 2017 Updated at 9:10 pm EST on Jan 10th 2017 For Crude Oil today I’d written:..” Gains are likely to be limited with first resistance at 52.38 (We topped exactly at this point)…the most important support of the day 5205/5195. A break below 51.75 therefore is a sell… Continue reading WTI Trade plan for 1/11/2017

Daily Crude Oil Analsys

WTI Crude Oil Analysis for 1/10/17

WTI Crude intraday trade plan – Jan 10th 2017 Updated at 9:35 pm EST on Jan 9th 2017 For Crude Oil today I’d written:..”failure to beat resistance at 5400~54.10 targets 53.70 & initial support at 53.35~53.30 and digging any deeper below tests the best support for today at 52.85~52.80. Watch for a bounce from here if… Continue reading WTI Crude Oil Analysis for 1/10/17

Daily Crude Oil Analsys

WTI Crude Oil Analysis for 1/9/2017

WTI Crude intraday trade plan – Jan 9th 2017 Updated at 10:23 pm EST on Jan 8th 2017 WTI Crude recovered 61.8% of Tuesday’s losses to test resistance at 5400/10. I’d stated that shorts needed stops above the high at 54.37~54.51. Well these did not trigger. For any upward move the initial resistance at 54.00~54.10 is… Continue reading WTI Crude Oil Analysis for 1/9/2017

Daily Crude Oil Analsys

WTI Crude Oil Report for 1/6/2017

WTI Crude intraday trade plan – Jan 6th 2017 Updated at 9:18 pm EST on Jan 5th 2017 WTI Crude initially held that strong resistance I wrote about yesterday at 53.35 but ahead of the inventory news which speculators were expecting to be bullish with the big draw in Crude, broke higher to 54.12 before the… Continue reading WTI Crude Oil Report for 1/6/2017

Daily Crude Oil Analsys

WTI Crude Report for 1/5/2017

WTI Crude intraday trade plan (Jan 5th 2017 Updated at 9:04 pm EST on Jan 4th 2017) In the WTI Crude report for yesterday, I’d written:..initial Fibonacci support at 52.20~52.10 is the key to price direction. Holding here allows a recovery to minor resistance at 52.80~52.90 but expect stronger resistance at 53.25~53.35. Gains are likely… Continue reading WTI Crude Report for 1/5/2017

Daily Crude Oil Analsys

WTI Crude Analysis & Intraday Plan

Dec 22nd 2016 Updated at 10:09 pm EST on Dec 21st 2016   In the trading report for Wed Dec 21st, I’d written “..strong resistance at 5375/80 held perfectly yesterday so this is the main challenge for bulls again today.”. Well, we topped exactly here and sold off to support at 5280/70, initially bottoming just… Continue reading WTI Crude Analysis & Intraday Plan

Daily Crude Oil Analsys

Trade plan for Friday 12/16/2016

Dec 16th 2016 Updated at 10:12 pm EST on Dec 15th 2016   In the trading report for Wed Dec 15th, I’d written “For the upside scenario for today, we hit the 50.70~50.60 target and have bottomed out here and resurfaced some to 50.86. A recovery from here as we take profits is unlikely to… Continue reading Trade plan for Friday 12/16/2016