.:::Forex Trading Signals:::.

:clap:

NYMEX Crude Contract At Risk of Falling in Next 24 Hours

Written by David Rodriguez, Quantitative Analyst

Cfdtrading.com provides free FX news, trading resources, and market analysis to the forex trading community.

Short-Term Technical Forecast for Crude Oil



NYMEX Crude oil recently hit the top of its very recent trading channel and reversed, showing signs that it may continue to correct recent strength through near-term trade. Indeed, a finish below key resistance at 70.50 leaves our previously bearish bias intact, and further downside targets would include previous resistance at 68.75. Whether or not oil may continue its recent advance may very well depend on the coming 24 hours of NYMEX trading.

Like what you see HERE, want to see the rest of this Free Article? Click HERE and see CFDtrading.com view on Gold and Silver also

Cfdtrading.com provides free FX news, trading resources, and market analysis to the forex trading community.

Crude Oil Makes False Break Higher, Likely to Fall Further

CFDtrading.com provides free FX news, trading resources, and market analysis to the forex trading community.

Written by David Rodriguez, Quantitative Analyst

Short-Term Technical Forecast for Crude Oil



Crude oil traded above important resistance at the top of its medium-term downtrend channel, but the NYMEX contract ultimately failed at the 61.8 percent Fibonacci retracement of the 76.20-61.30 move at 70.50. The move suggests that overall downward momentum for the contract remains intact, and subsequent targets to the downside include recent spike-lows of 64.04. A break of said support level would target a move back towards recent significant lows at the 61.20 mark.

To see the rest of this article, click HERE, as it continues to look at the outlooks for Gold and Silver.

CFDtrading.com provides free FX news, trading resources, and market analysis to the forex trading community.

Crude Oil Trades at Make-or-Break Level - Next 24 Hours Key

Written by David Rodriguez, Quantitative Analyst

CFDTrading.com provides free news, trading resources, and market analysis to the trading community.

Short-Term Technical Forecast for Crude Oil



Crude oil’s recent recovery has brought it to the top of its recent trend channel and previous spike-highs—leaving it at a potential short-term turning point. A break higher would signal that the short-term downtrend may be over, leading to further recovery or at least consolidation. Of course, a failure would leave the contract open to a re-test of lows near 61.00. Watch the next 24 hours or so of price action, as they may determine direction for the weeks ahead.

Short-Term Technical Outlook for Gold



Gold prices have finally found makeshift support in the past several days, hitting the bottom of the commodityÂ’s falling trend channel and trading sharply higher through recent trade. Yet such a recovery hardly seems reassuring as far as longer-term prospects are concerned. The 38.2 percent Fibonacci retracement of the 936.50-682.00 move at 780 serves as subsequent resistance, with a break to target the 50 percent retracement of the same move at 810.

Short-Term Technical Forecast for Silver



Silver, much like gold, has found a temporary base at the bottom of its downward-sloping trend channel. Yet this kind of bounce hardly seems reassuring, and we continue to favor playing the downside on silver through the medium term. Shorter-term, resistance comes in at previous support of 10.000. A break above here would instill confidence in the case for a correction to the topside, but any rally seems unlikely to break clear congestion levels at 11.000.

CFDTrading.com provides free news, trading resources, and market analysis to the trading community.

Crude Oil Trading at Key Support - Further Losses in Store?

Cfdtrading.com provides free news, trading resources, and market analysis to the trading community.

Long-Term Technical Forecast for Crude Oil



This is a monthly chart of crude and it suggests that the drop from 147 is a large 4th wave. The 38.2% of wave 3 is at 64 and the 50% coincides with the June 2003 low near 50. A long term low will likely form in this zone (50-64), but probably not for another number of months. The sharp drop in crude could be wave A within a flat or triangle. In this case, we would see a sizeable bounce in wave B, that would get under way soon.

Short-Term Technical Forecast for Crude Oil



Oil broke below key support and subsequently went on to challenge next significant price floors near 68.00. The daily close below the key 74.00 mark confirms that the trend remains lower. While extremely oversold conditions could produce a short-term bounce in the NYMEX contract, we think risks continue weighed to the downside through upcoming trade.

This Article continues HERE, and has a further look at the long and short term outlooks for Gold and Silver.

Cfdtrading.com provides free news, trading resources, and market analysis to the trading community.

Hi,

I have just recently started day trading crude oil full-time, after trading part-time with some success over the past 6 months.

I have a few questions for the other full-time crude daytraders here.

Please shoot me a PM if you could help.

Simon

I have developed a system that is 98% accurate no BS. If you would like free signals to test then contact me. (Apitop@gmail.com). This system is invaluable to hedge fund trader. Take all the guess work out and trade with confidence. I also trade GBP/JPY with this. Basically anything volatile works great.

Chevron today saying they're worried about the gasoline supply chain. Products are at the lows of the last five years. Going to be queues at most US forecourts in a week or two, especially once drivers start driving again as prices come down. But the way crude is selling off you'd think refiners aren't bothered. Must be those evil speculators again... :) Refiners must be loving it!