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You agree...that I should take a breather, right? lol Been a scalper's dream so far today. I'm thinking we come down from here but we'll all find out in an hour. Price has met resistance at $59.59. As shown in my chart, this is an expected area of resistance although for all I know the...

It's been rightly pointed out to me that crude has double-topped. Somehow I've made money today, but not enough to cover my initial losses from last week. I may be best to take a breather, lol

Filled gaps (filled more than I guessed), headed back up. Just broke some resistance at $59.20, although not convincingly yet. May spend some time here. If it can close here or higher, it makes the next attempt at $60 that much more feasible. Very technical trading right...

Lol, I wish I was. I was reviewing my mistake, betting on consolidation earlier last week. I am long now, yes. Still hasn't touched 60, but awefully close. I believe there will be a gap to fill at $58.86 before the next attempt.

Here is a a result of my last, play...for which I think there is still something to learn from. Once crude passed the Fibonnacci midpoint, it was game over.

Good video.. I'll admit it though... this thing is going to touch 60 first :( ...only thing i was right on....those fibbonacci lines can be interpreted either way, lol. Nigeria sucks

...and the jokes don't get better! Attached is a chart with some crude technicals on it. I thought I'd start my own thread instead of cluttering up others. Looking at crude, I'd say it's due for a bit of a correction. Nothing major, just a newer trading range as my rather crude chart...

just for the record, I'm not actually posting these bearish responses to dispute the signal....just maybe the interpretation. I feel as though it may be more of a long-term signal, and a very good signal at that. I still see consolidation, and not necessarily to $50, either. Maybe just $55...

Sufficient, lol. Sounds like a miscommunication. Dr. Chen, you may have got a rise out of SethArb when you weighed weather he was an experienced trader or not. SethArb definitely is an experienced trader, and although I don't believe you meant to question that, your response could have...

I have to a gree, quite the fantastic indicator with the data provided. In terms of entry points, it appears to be spectacularly accurate over the last year. Still, there is the matter of exit points. For instance, this same time (by chance) last year it signalled a sell entry, which was...

I'm with you on that, TraderRay. I'm a long-term bull on oil, but a correction is in order. Awefully steep rise with no new news to support the bulls. Weather can not get worse, but speculators will start wondering more about its actual length and impact, which has probably been...

good point. although, US currency dropped 0.7% while oil went up by roughly 10 times that. Can't deny the correlation.. won't dispute that.

I would venture to say that much of the buying today was related to Chavez and his usual antics. Hopefully well factored-in by now.

I hope this analysis still applies with current price movement, i've taken a short as there was significant short covering at the end of the day, and cl is possibly overbought. Good analysis, Dr.Chen

I was under the impression that Weather Derivatives was a Weather forecast interpreter for the financial markets, not so much a forecaster. It would seem to make sense, to those of us who feel we can read weather forecasts without help, to get it from weather forecasts. maybe i'm wrong in...

Overblown weather concerns: "Eastern Snow and Cold Posted: 31-JAN-2007 07:40am EST The promise of snow still exists, though it may not be as widespread and/or heavy as once hoped for or despaired of depending on your point of view. Most weather geeks are probably a little disappointed that...

Thanks again for all the input, everyone :)

Thanks Whitster, I tend to disagree with you, but I also think that the most negative response is the one that I can learn the most from. I was surprised, because I know my baseline knowledge was more than acceptable. Perhaps I took the wrong approach in exposing some of that. I don't...

Some would say that my mere ability to post in this forum would indicate that I am an excellent SwiftTrade prospect. I am here to prove you wrong! I have applied for SwiftTrade in the past, only to discover AFTER being hired that their training session was immediately pending and I...