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I see lots of resistance above but a narrow range with lots of significant S/R levels around. I also see a rising short-term trend line beneath. So lots of volatility and sharp ping-pong moves.

So far today got shaken out of a short and am now in my second short sitting on 140 PIPS profit from a sell from 4295. From the FT. "Oil production tumbles faster than expected By Carola Hoyos and Javier Blas in London Published: January 22 2009 20:28 | Last updated: January 22...

Picture?

I have not made trades today so far. Just missed out on this down move as it move to quick for my signal to be valid. Very frustrating.

I'm playing around with Ninja trader now. Does anyone know if it is possible to show the preceeding months using the previous (now expired) front month as opposed to the specific contract?

Nice call. What were you going off on this one?

I like those charts. I'm not a fan of IB charting tools. How much do you pay for Ninja trader?

I'm not going to trade Oil today, We have the expiration of the FEB contract plus the Obama ceremony; so low volume. Too much potential volatility. Good luck to everyone else!

There are no free live data services. You have to pay exchange fees and the fees for the service. Barchart.com do a package for about £50 a month with a NYMEX subscription.

I have closed my EUR/USD short for 340 PIPS gain. Only trade today was an oil short which failsed for a 35 PIP loss. Will be looking for both shorts and longs now.

I took last Wednesday off sick from work and to be honest I was pretty bored. I'm not sure I could stand sitting in my room all day.

You're just digging yourself deeper man. Your secret is out!

Sweet Jesus Spanish. There is little or no hope for you. :P

I also think we are going to re-test the lows. This is from a energy market report I subsctibe to. "Day's coverage from the latest EIA report indicates one of the reasons that OPEC cut production and perhaps why Saudi Arabia appears to be cutting more than its allotment. Days coverage is...

How much are you putting on each point??

Yeah from a town on the edge of Birmingham. I moved back following three years in london working for a property investment and development firm in the city. Broad street is ok but nothing compared to London. My trades so far: Oil Short from 4177 was in profit for a while but stopped me...

During the evenings and weekends. I'm reviewing my system and reading trading books and reports. In the days I'm sadly working. Although this weekend I went to broadstreet in Birmingham for my 27th birthday and ended up spending £400 on a Brazilian stripper. I got dragged in by my mates...

Martin Luther King day holiday.

I'm in the same boat as you really. I have my test and interviews for the Royal Institution of Chartered Surveyors in August. I want to get his out of the way so I have something to fall back on.

Don't try and pick a bottom in the oil market guys - This could keep going lower maybe even to the sub-$20 level. The article below illustrates why the front month contact sells off hard when it approachs expiration. Demand is weakening significantly while supply is growing due to numerous...