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"Just Oil"

speki
May 05 2011 at 09:51
735 postów
Hmm, good to see some 'interactive trading' here. Wish you success. That 20% psych barrier will be knocked out soon. After that, let's hope the 20% will turn into massive support level. 😉

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Chikot
May 05 2011 at 14:31
2299 postów
cannot understand why history ahs not been updated.Iam at 16% nowback to previous high.I need to admit what a sucker I am.closed at 107.42 and it is now at 105.10.i originally set take profit at 106.50.damn,never knows where this thing willrun but it looks like leaving no take profit forpartofposition is good idea

Chikot
May 05 2011 at 14:32
2299 postów
Thanks Speki,I hope so too.20% damned % is a true barrier here

Chikot
May 05 2011 at 14:56
2299 postów
wow. under 104.00.
Did they find oil in Washington, DC?

Chikot
May 05 2011 at 22:08
2299 postów
I am itching to buy oil now, but feel weary as this huge daily candle carries a lot of momentum. I want to be sure that momentum turns before going long somewhere. still looks like a great opportunity.

Chikot
May 06 2011 at 06:46
2299 postów
Yeah, it is not that simple.Not kind of last May 6, 2010 event. Price stays where it fell to and 100 holds as resistance. price is below daily open and testing 99.00.

Chikot
May 06 2011 at 06:59
2299 postów
It looks like those unemployment data had important impact upon oil as investors realized what kind of recovery it is if it is going on hot air and not supported by real job creation.
In the long term I still believe oil will get much higher but I always go with a market and for now I see momentum has not shifted to long side. 100.00 did not hold as support and price just tested 99.00 although has not reached previous low for now.

Chikot
May 06 2011 at 07:04
2299 postów
this is as i see a big picture if price breaks below yesterday's low.

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Uploaded with [URL=https://imageshack.us]ImageShack.us[/URL]

Chikot
May 06 2011 at 07:09
2299 postów
sorry, still no connection to image shack.

Total Recall (TotalRecall)
May 06 2011 at 07:15
28 postów

Chikot posted:
    It looks like those unemployment data had important impact upon oil as investors realized what kind of recovery it is if it is going on hot air and not supported by real job creation.


hi chikot

I think the only thing investors-speculants realized was profits :D and some latecomers even losses. all that campaign.. buy commodities, buy silver,gold now when its still cheap... all they needed was some sheep to buy it from them at the top

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