Oil: I call short term bottom right here
- Thread starter Rearden Metal
- Start date
Monthly chart of Crude Oil (continuous contract) shows long-term support near $57 and especially $54 zones.
I drew enough lines on this chart to span the Golden Gate bridge... there are more points of reference near those dollar levels, but enough is enough. If they crack below light support right here near low $60s, monthly chart says going a few bucks lower from there.
BTW... it's always been pretty clear to me that RM is a skilled, experienced trader. Some things speak for themselves in life.
I drew enough lines on this chart to span the Golden Gate bridge... there are more points of reference near those dollar levels, but enough is enough. If they crack below light support right here near low $60s, monthly chart says going a few bucks lower from there.
BTW... it's always been pretty clear to me that RM is a skilled, experienced trader. Some things speak for themselves in life.
Holy crap! Volonte, the bozo of ET, who has absolutely ZERO credibility on this site, is questioning the veracity of one of the very few outstanding traders on ET?? Is this a bad joke bozo?
RM does not need my help, but bozo you are a pathetic joke. How sad it is that you go after RM because he is a RESPECTED member of ET. He is obviously one of the best traders ever to be on this site, while you have been voted, over and over, to have no credibility on ET.
Volote, why does it bother you so much to come across respected traders who make good money? Is it b/c you are a real loser? RM is a great trader, and mostly everyone here knows it. Setting your sites on him only shows what we all already knew, you are a looooser.
Here's a url to the Energy Management Institutue.
They offer traing to many different levels of traders, speculators and invidividuals in the energy business on all different levels.
I was made aware of the orginization after attending an Trading Expo in NYC, perhaps someone could find the information of use.
The courses are a little pricey for what I'm willing to spend for information, but unless I can get up to speed on'em through other means, I'll be headed their way.
Best Regards,
JJ
Energy Management Institute
http://www.energyinstitution.org/Course Offers.htm
They offer traing to many different levels of traders, speculators and invidividuals in the energy business on all different levels.
I was made aware of the orginization after attending an Trading Expo in NYC, perhaps someone could find the information of use.
The courses are a little pricey for what I'm willing to spend for information, but unless I can get up to speed on'em through other means, I'll be headed their way.
Best Regards,
JJ
Energy Management Institute
http://www.energyinstitution.org/Course Offers.htm
what was that rally today? short covering and closing of positions for the week?
who's bold enough to leave a short over the weekend? upside is 63.50 area, and downside is already 62.00 tested earlier today.
who's bold enough to leave a short over the weekend? upside is 63.50 area, and downside is already 62.00 tested earlier today.
Wow... I got 'stream & Austin to <b>agree</b> on something.
Rubberbird/thorn has some serious trading talent. I'd bet a nice tall stack that he makes at least 6-figures/year. No joke.
I'm not saying he's one of the most mature or polite ET members... but I <b>am</b> convinced he's one of the top earners here. Look past the personality, because talent is still talent.
So what exactly does Rob have to gain for vouching for an overleveraged trader with a runaway ego ?
As it turns out, the rumors were true.
You really <B>are</b> a bozo!
Back to work, here's a P&F Chart of the $WTIC, which is the OIL - Light Crude - Continous Contract (EOD) ($WTIC).
http://stockcharts.com/def/servlet/SC.pnf?c=$WTIC,p
... and here's a basic tutorial on how P&F Charts work.
http://stockcharts.com/help/doku.php?id=support:understanding_pnf_charts
They are a very old method of charting used to great effect by investors for years. Maybe you can apply the methodology to our trading.
Best Regards,
Jimmy