Posted 10 December 2009 - 04:29 PM
If this is a 45 week cycle low coming here in Dec., crude will likely breakout in the New Year.
What do you see?
Edited by SilentOne, 10 December 2009 - 04:32 PM.
Posted 11 December 2009 - 01:16 PM
Posted 11 December 2009 - 01:39 PM
Intraday buy........ resistance@36
daily down trend support@34-35
Jan 35 call
35.00 UBOAI.X 2.00 Down 0.09 1.99 2.00 1,242 24,099
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Posted 15 December 2009 - 10:47 AM
Edited by SilentOne, 15 December 2009 - 10:47 AM.
Posted 18 December 2009 - 12:59 PM
45 week low on oil coming in on cue. We may have a few more days of sideways or not. Crude is up $3 off its Monday low. I am positioned long having accumulated oil and gas equities in the last week as well as some drillers. I blew the natgas trade this month being in too early, but made up for it with these entries. Long USO from Friday @ 35.5. I'll add more from Monday onward and maybe some leverage.
Canadian plays SU, ECA, CVE, NXY, HSE, AET.UN, COS.UN and drillers PD.UN (PDS), CET.UN. Long all these with good entries.
Once crude confirms the low, it will be up into the spring IMHO.
Outstanding work John! Congrats!!!
Posted 19 December 2009 - 06:28 PM
Posted 31 December 2009 - 11:38 AM