Lincoln FX - Forex alerts » #29

Oil CL_Cont #29

Arco — Wed, 21 Apr 2010 04:11:47 +0000

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Oil CL_Cont #29

Arco — Tue, 13 Apr 2010 20:35:18 +0000

14/4. Updating the chart. Target area reached. A $3.00 move = $US3000 on one full contract

Oil CL Cont #29

Arco — Fri, 09 Apr 2010 05:33:58 +0000

10/4. Updating the chart. Nice windfall for our oil members overnight. $2 move = $2000 so far

The standard futures contract for Crude Oil is 1000 barrels (42,000 gallons) in size and is valued at $10 USD per one tick move, with the tick size being 1 cent. For example, if the Crude Oil was to move from $86.00 to $84.00 on a short position then that would result in a $2000 USD profit to the trader. If you wish to trade a smaller version of the standard Crude Oil contract, then there are MINI contracts available. For mini oil futures, value of 1 point represents US$500, so $2 means US$1000 For super mini oil futures, value of 1 point represents US$100, so $2 means US$200. Cost of a LincolnFX subscription = $139 per month (trial available).

9/4 Hard to know exactly where this is going in the medium-long term, but if this 123 sets up its possible the price may test to or into the Kumo short term

Oil #29 BRNKO

Arco — Tue, 16 Mar 2010 01:03:01 +0000

Just a quick update on the oil chart for our members who actively trade this one. The chart has now changed to BRNKO but the parameters are roughly the same. The 4 hourly price action managed a break through the Kumo to settle around the Chikou support zone, so always the possibility here of a little hesitation and a test of the broken Kumo. Ahead Kumo turned bearish on the 4H with Kijun at 79.87 with possible Chikou resistance 79.20

Oil #29 BRNJO

Arco — Mon, 22 Feb 2010 22:20:38 +0000

Oil reversed in the Khaki Triangle as expected previously. (Quote 28th Jan “Still watching for a reversal pattern in the khaki area which could give a retrace towards the KS/Kumo”). There were 2 bites at the cherry on TL ‘pops’. Currently the price has met Chikou and Kumo resistance, so it could be heavy going with a block of old consolidation in the 78-82 zone.

To view all oil posts click on ‘Oil’ in the Tag Cloud on the right hand side.

Oil #29 BRNHO

Arco — Thu, 11 Feb 2010 00:12:46 +0000

Updating the Oil chart for a some of our members who follow

We think oil could at some point reverse higher to 85-100 in the medium/ longer term but whether it has to first pay a visit to that lower trend line for the third time is hard to tell. The original Khaki Triangle worked out well (see previous chart). See #29 for full thread

Oil. #29 BRNHO

Arco — Thu, 28 Jan 2010 04:06:49 +0000

Some members are trading oil, so for them an update.

Still watching for a reversal pattern in the khaki area which could give a retrace towards the KS/Kumo

Oil. #29 CLGO1

Arco — Sun, 17 Jan 2010 06:11:27 +0000

Its possible there could be some hesitation at the 77 level, so interested members could look for a potential reversal pattern to form around that area.

We are not trading this ourselves.

Oil. #29 BRNGO

Arco — Tue, 12 Jan 2010 23:01:05 +0000

Tested Kijun and into the Kumo as expected.

Oil. #29 BRNGO

Arco — Tue, 12 Jan 2010 04:43:11 +0000

One of our members has asked about oil.

Here’s a current chart on BRNGO (Brent Crude). The chart shows the uptrend line has broken, so we may see a check of that to test if old support=resistance, and if that holds there could be a further move slightly lower. Bullish Kumo below could support and propel the price higher. Chikou Span is trying to penetrate but not through on daily chart.