Hello Traders,
Today you had to wait and do a little rope a dope ... but finally a nice afternoon trade appears on the chart for a nice $1 move.
$1 move in Crude Oil is equal to $1,000 per contract, by the way.
Good Trading,
David "Tiger" Knight
Thursday, October 13, 2011
Tuesday, October 11, 2011
Will we see $97 Crude Oil Now?
Hello Traders,
With a move above the 50 Bar Moving Average today on the daily chart ... will we finally make a run for the 200 Bar Moving Average on the Daily Chart?
This will bring the Crude Oil Market up to almost $97, but if we reach that expect the market to get back to $100 per barrel on the futures contract.
We need to hold the break point on today's trading around $85.21 and change to keep this upward action alive and in play.
Good Trading,
David "Tiger" Knight
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