Bertha Coombs: Cashing in on Crude

The likelihood of building a pipeline to carry new sources of oil from the northern part of the country to the south, with CNBC's Bertha Coombs. And it's up to President Obama to decide whether the pipeline should be built, over the objections of environmentalists.




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“Day Trading Made Simple” Now Playing on Trend TV

William Greenspan has over 155 consecutive winning months using his “day trading” system. As a day trader since the early 70s, he has walked in the pits of the CBOT and CME practicing his philosophy of making “a million dollars on a million trades, not a million dollars on one trade.”

Greenspan shares his strategy as well as best practices for successful trading on Trend TV…

“Discipline. That’s the key to success in so many aspects of life and it’s the main ingredient of any successful trading plan. But, what does discipline really mean to an intraday trader?
Discipline means taking small quick losses and letting your profits ride. That’s the key to all successful trading. Discipline means using stop loss orders on every trade to limit your losses and moving your stop loss orders to protect your profit.

That’s kinda like grooming your position. When you have a profit in a trade, you should take your stop loss order and move it first to your break even point, and then if your trade continues to trend your way, to always protect your profit along the way. Three, discipline means following all the buy and sell signals that your trading plan or system of trade has to offer you.

In all trading you must expect losses and you must accept them gracefully, because it may take only one mistake to wipe out the profits of ten winning trades…”

To watch the full video with William Greenspan, please visit Trend TV. Once you receive your password, you can visit Trend TV anytime and watch new videos as they are added.

We hope you will be able to use Greenspan’s experience to grow your profits and protect you from that one big mistake.

Just Click Here to take advantage of everything Trend TV has to offer!



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Crude Oil Market Commentary For Monday Morning Nov. 15th

Crude oil was higher due to short covering overnight as it consolidates some of last Friday's huge decline. However, stochastics and the RSI are turning bearish hinting that a short term top might be in or is near.

Closes below the 20 day moving average crossing at 84.00 are needed to confirm that a short term top has been posted. If December extends the rally off August's low, the 87% retracement level of May's decline crossing at 90.82 is the next upside target.

First resistance is last Thursday's high crossing at 88.63
Second resistance is the 87% retracement level of May's decline crossing at 90.82

Crude oil pivot point for Monday morning is 85.75

First support is last Friday's low crossing at 84.52
Second support is the 20 day moving average crossing at 84.00


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How to Buy Risky Energy Stocks

Dan Dicker, senior contributor at TheStreet, reveals how to buy energy stocks in your 20's.



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Bloomberg Technical Analysis: Crude Oil Futures Stall at $84

Crude oil prices may not rise above $84 a barrel because increases lose momentum around that level, according to technical charts used by traders. A resistance channel has formed between $82 and $84 a barrel for oil traded in New York based on patterns in a point and figure chart, said analysts at the Villanova, Pennsylvania based Schork Group Inc. Crude reached this range five times in the last 18 months and failed to go higher. When prices did breach this level earlier this year, peaking at an intraday high of $87.15 a barrel on May 3, a collapse followed to $64.24 on May 20.

“A channel of significant resistance forms between $82 and $84 -- prices failed at this point in October 2009, in January 2010, twice in March and again in August,” Schork Group President Stephen Schork wrote in a Sept. 14 report. “The lone breakout, taking place between April and May, led to the sharpest sell-off seen all year and annual lows. Thus we consider this level key.” A point and figure chart gauges trends in prices without showing time or volume. Rising patterns are indicated by an X while falling prices are shown by an O. Movements are measured by a pre-defined unit called a reversal. The default for this unit on the Bloomberg terminal is a $3 a barrel change.

Months of the year are indicated on the point and figure chart by numbers, with the exception of October to December, which are shown by the letters A to C. For example, trends from September are shown as a 9 and for October by an A. The point and figure chart shows that prices are in a rising trend since bottoming out in May. Crude climbed from there reaching an intraday peak of $82.97 a barrel on Aug. 4. The system first appeared in an 1898 book called “The Game in Wall Street and How to Play It Successfully,” according to the Schork Group.

From Bloomberg Energy

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Crude Oil Contango Doubles in 2011 Recovery Betting With Frontline Ship Demand

Crude oil traders are showing increasing confidence that U.S. economic growth will rebound next year as they take advantage of the widening gap between current prices of crude and contracts for delivery six months from now. The price advantage, or contango, to buy and hold crude more than doubled to $5.76 a barrel last month from $2.60 at the end of July, as contracts for October delivery fell 9.4 percent and March dropped 5.3 percent. ConocoPhillips hired the tanker TI Europe for storage in the Gulf of Mexico, according to data on the website of RS Platou A/S, an Oslo based shipbroker.

Crude, gasoline and heating oil inventories reached a 20 year high last month as the U.S. Commerce Department said the economy probably expanded at a 1.6 percent annual pace in the second quarter from an initially reported 2.4 percent. The gap, or curve, between the price of oil for immediate delivery and for March has increased to a three month high, making storage a profitable wager on an American rebound next year.

“Demand is going to look a lot better in 2011,” said Adam Sieminski, chief energy economist at Deutsche Bank AG in Washington, who predicted prices will rise to $80 next year. “By then the overall numbers on things like industrial production, housing, investment and probably even consumer sentiment will be better.” October futures rose 63 cents, or 0.9 percent, to $74.72 a barrel at 10:05 a.m. on the New York Mercantile Exchange. The March contract rose 6 cents to $80.35. The spread narrowed by 7.5 percent to $5.63.....Read the entire article.


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Phil Flynn: Demand Jam

According to the Energy Information Agency heading into the Labor Day holiday weekend, U.S. retail gasoline prices fell three in a row with an average price of $2.68 per gallon which was the lowest level of the 2010 peak summer driving season and the second lowest price at this point in the past five summers.

Still not even that may save the demand side of the equation. With storms battering up and down the East Coast, demand for gasoline was most likely impacted negatively. We are in the heart of the shoulder season and demand will continue to be very weak. We still maintain a bearish bias but still recommend playing the ranges.

The storms in the Atlantic never seem to end. There are 3 tropical waves that currently have about a 30% chance of becoming a tropical cyclone. At this time the storms do not seem to be a threat still they will bear watching.

What the bears really need to do is watch the me on the Fox Business Network and the bulls should join in too. If you don’t get it you need too!

Sign up for Phil's daily energy report and his daily buy and sell points on all of the major commodities by emailing him at pflynn@pfgbest.com.

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Brian Shactman: Where is Crude Oil and Gold Headed on Friday

CNBC's Brian Shactman discusses the day's activity in the commodities markets and looks at where oil and gold are likely headed tomorrow.




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New Video: This Trendline is Crucial Support for the S&P 500

This is going to be a short video, but one we believe is important to all traders and investors.

The video runs two minutes and 18 seconds and shows you one key element that we think can make or break the S&P 500 market.

Please feel free to comment here on our blog with your thoughts on this market.

Want to trade like Adam? Click here for FREE lessons.

As always our videos are free to watch and there are no registration requirements needed.

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Phil Flynn: What Is The Poor Fed Going To Do Now?

What is the poor Fed going to do now? Despite the Fed best efforts the Jobs report was a dismal reminder that the economy and commodity prices still need some help. As nonfarm payrolls fell by a larger than expected 131,000 last month the odds that the FED instead of reducing its balance sheet and hang onto some of that paper money that they created out of thin air will instead begin to reinvest that money or put it back out in the market place. The goal is to try to inspire some type of economic enterprise.

Despite the signs of some rebound in the economy new health care programs and new financial regulation bills are leading to uncertainty and economic immobility. The Fed worried about another deflationary spiral that had seemed to be gaining momentum as the market anticipated a reduction of the fed balance sheet. The Fed fears that if they start to remove this stimulus that then it is possible that this nascent recovery make roll over and die.....Read the entire article.

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Every Once in a While, You Find Something Amazing

This is like the perfect marriage of TV and the web. Now you can attend online trading seminars that you have an interest in. It is so easy. If you are reading this email, you are online and therefore have everything you need to get started. You can attend all 4 trading seminars, or just the ones that interest you. There are four world class trading instructors that will help improve your trading. Best of all, it's all online and it's on TREND TV now.

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Crude Oil Daily Technical Outlook For Monday

Crude oil drops further to as low as 80.44 and momentum continues to turn to the downside with 4 hours MACD turned negative. However, with 80.16 minor support intact, there is still no confirmation of topping yet and another rise could still be seen to retest 83.95 resistance before topping. However, break of 80.16 will suggest that a short term top is already formed at 83.16 with bearish divergence condition in 4 hours MACD and deeper fall should then be seen to 38.2% retracement of 69.50 to 83.16 at 77.94 next.

In the bigger picture, crude oil is still trading well inside medium term rising channel and the rise from 33.2 might still be in progress. Nevertheless, as such rise from 33.2 is treated as a correction to whole decline from 147.27 only, even in case of another high above 83.95, we'd continue to expect strong resistance near to 50% retracement of 147.27 to 33.2 at 90.24 to bring reversal. On the downside, though, break of 69.50 support will now indicate that crude oil has topped out in medium term already and turn outlook bearish.....Nymex Crude Oil Continuous Contract 4 Hours Chart.


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Trend TV Video - Applications of Candlestick Charting

Are you incorporating candlestick charting into your trading plans? Find out why this tool has become so popular.

In this complimentary video, “Advanced Applications of Candlestick Charting,” authors, software programmers, and co-founders of the International Pacific Trading Company, Gary Wagner & Brad Matheny will walk you through:

-History of candlestick charting
-How to interpret candlesticks
-How to merge techniques of Eastern & Western technical analysis together
-How to merge candlestick techniques with your current trading plan
-And more…

You’ll watch and listen as Wagner explains the importance of using this strategy. He says, in part, “Candlestick patterns are a mathematical formula which illustrate the psychological market sentiment. In other words, as a market reverses, or a market is moving in an up trend, there are certain traits that can be distilled in terms of mathematical formulas that will reveal some very important information.”

This 100 minute complimentary video can be found on Trend TV. You don’t have to worry about watching the whole video at once. After you have a password, you can revisit anytime to watch the rest of a video, review a video, or watch other videos on Trend TV.

Just click here to watch "Applications of Candlestick Charting".

Good Trading,
Ray C. Parrish
President/CEO The Crude Oil Trader

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New Trend TV Video - Applications of Candlestick Charting

Many investors attempt to incorporate candlestick charting into their trading plans, however few know why this tool has become so popular.

In this complimentary video, “Advanced Applications of Candlestick Charting,” authors, software programmers, and co-founders of the International Pacific Trading Company, Gary Wagner & Brad Matheny will walk you through:

-History of candlestick charting
-How to interpret candlesticks
-How to merge techniques of Eastern & Western technical analysis together
-How to merge candlestick techniques with your current trading plan
-And more…

You’ll watch and listen as Wagner explains the importance of using this strategy. He says, in part, “Candlestick patterns are a mathematical formula which illustrate the psychological market sentiment. In other words, as a market reverses, or a market is moving in an up trend, there are certain traits that can be distilled in terms of mathematical formulas that will reveal some very important information.”

This 100 minute complimentary video can be found on Trend TV. You don’t have to worry about watching the whole video at once. After you have a password, you can revisit anytime to watch the rest of a video, review a video, or watch other videos on Trend TV.

Just click here to watch "Applications of Candlestick Charting".

Good Trading,
Ray C. Parrish
President/CEO The Crude Oil Trader

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Phil Flynn: New Year Traditions

Energy disputes between the Ukraine and Russia are becoming as much of a New Year’s tradition as the Waterford ball falling in Times Square. Once again as the new year approaches, we have another dispute between Russia and the Ukraine that may or may not be settled and rising tensions in and around Iran may cause more caution from sellers as we get ready to celebrate another holiday.

Sometimes the price gets ahead of the fundamentals. Other times the fundamentals catch up to the price. Last week in a holiday shortened trading week, oil got too excited about cold weather and a flawed weekly inventory report as the marketplace lacked the type of perspective it has when there is more volume. Yet yesterday I feared that the market might not be taking seriously enough the threats that were evolving in Europe and Iran. Of course if you assume that last week went too high and now we are holding gains it looks like once again the market had it right in the first place. It seems that rising geo-political heat is in part helping justify the extended rise.....Read the entire article.

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Welcome to our Launch of "Trend TV"

As a regular visitor to The Crude Oil Trader, you have been chosen to receive complimentary access to four educational trading videos that focus on Technical Analysis and Trend Trading:

VIDEO 1.) Basic Indicators to Analyze Markets

VIDEO 2.) Using Predicted High and Predicted Low to Trade Intraday

VIDEO 3.) Strategy Trading Using Next Day Predictive Highs and Lows

VIDEO 4.) Using "Differences" to Spot Shifts in Momentum

There is no charge as this is part of an educational program that we thought
you would find beneficial. Just Click Here for access to Trend TV.

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