Thursday, October 13, 2011

October 13th, 2011: Crude Oil Double Bottom Appears and Up We GO!


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

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