Recent content by Trader Ray

I wasn't contradicting you, I trade within short periods of time and try to take moves on both long and short sides so a resistance around 59$ gives me an opportunity to take the correction downwards. If you hold positions for longer periods of time and don't mind the pullbacks on the way then...

Not before a few days of consolidation to 54/5, don't see crude above 59 in the next few days. 60 and higher will take a while

After reaching my 57$ target I'm staying out... It's a crucial resistance for me and I rather wait for another clear signal to enter a position either way.

It's all about timing... I too believe the next move will be towards 60$+ you should act depending on how long you plan to take your long position, I hold short term positions (several hours to a few days max) so I played long from 52 to 55.70 and looking to buy again to the 57 area. I don't...

There is some support at 633 then more crucial 621 before I'd even think of 600..

Your numbers seem good, I would be looking to buy today around 1433 to a move to 1437/9 then next res will be at 1443, above that is 1447. Under 1433 I would watch for the 1424/1 area to hold as first major support.