Can You Get Rich Slowly in Forex?

Let's us show you just how simple it is to trade Forex using just one trade triangle. This is especially good for traders who cannot spend a lot of time trading. We will show you how using the monthly triangles, and not trading a lot can make you a lot of money.

Just Click Here to watch this video and please feel free to leave a comment and let our readers know what you think of our Trade Triangle technology.

Oil Falls to a 1-Month Low on Larger Than Expected Supply Gains

Crude oil fell to a one month low after a government report of a larger than forecast gain in U.S. fuel supplies signaled that a glut is forming in the world’s biggest energy consuming country. U.S. gasoline stockpiles surged 5.41 million barrels last week, more than 10 times what was forecast by analysts in a Bloomberg News survey. Inventories of distillate fuel, a category that includes heating oil and diesel, rose 2.96 million barrels, almost double what was estimated. Crude oil supplies also climbed in the week ended Sept. 18.

“We had three major stock builds and increases in the year on year surplus,” said Peter Beutel, president of trading adviser Cameron Hanover Inc. in New Canaan, Connecticut. “We are testing support and will have to see if we can break out of the recent range”.....Read the entire article

Crude Oil Prices Weaker Going Into Thursday Trading

Crude oil prices are weaker early today and trading has turned choppy. In November crude, look for buy stops to reside just above resistance at $69.00 and then just above resistance at $70.00. Look for sell stops just below technical support at $68.00 and then more sell stops just below support at the September low of $67.66. Today's key near term Fibonacci support/resistance level: $69.90. Wyckoff's Intra-Day Market Rating: 4.5 Thursday's pivot point for crude oil is 69.39

What are you waiting for, get 10 Trading Lessons FREE

The U.S. dollar index is slightly higher in early trading today. Bears still have the solid overall near-term technical advantage. Slow stochastics for the dollar index are neutral early today. The dollar index finds shorter-term technical resistance at the overnight high of 76.63 and then at 76.95. Shorter-term support is seen at the contract low of 76.04 and then at 75.75. Today's key near-term Fibonacci support/resistance level: 76.89. Wyckoff's Intra Day Market Rating: 5.0

Jump Start Your Trading, Get Market Club Today

December S&P 500: The shorter term moving averages (4, 9 and 18 day) are still bullish early today. The 4 day moving average is above the 9 day and 18 day. The 9 day is above the 18 day moving average. Short term oscillators (RSI, slow stochastics) are neutral to bearish early today.

Today, shorter term technical support comes in at this week's low of 1,051.80 and then at 1,040.00. Sell stops likely reside just under those levels. Upside resistance for active traders today is located at last week's and last week's high of 1,070.50 and then at Wednesday's high of 1,075.50. Buy stops are likely located just above those levels. Wyckoff's Intra- day Market Rating: 5.0 Today's key near term Fibonacci support/resistance level: 1,056.00.

Pivot:--------------- 1,063.30
1st Support:-------- 1,051.10
2nd Support:-------- 1,043.30
1st Resistance:----- 1,071.10
2nd Resistance:----- 1,083.30

Crude Oil Falls a Second Day on Gains in U.S. Fuel Stockpiles

Crude oil declined for a second day after a U.S. government report showed a larger than expected increase in fuel stockpiles in the world’s largest energy consuming nation. Gasoline stockpiles in the U.S. surged 5.4 million barrels last week, the Energy Department said yesterday. That’s more than the 500,000 barrel increase forecast in a Bloomberg News survey of analysts. Diesel and heating oil inventories jumped almost 3 million barrels, double what was expected, and crude oil stockpiles also climbed.

“If products aren’t moving, then there’s no demand for crude,” Sentje Diek, an energy analyst at HSH Nordbank AG, said by phone from Hamburg. “Gasoline and distillate stockpiles are clearly above their five year average.” Crude oil for November delivery fell as much as 95 cents, or 1.4 percent, to $68.02 a barrel in electronic trading on the New York Mercantile Exchange. It was at $68.49 at 11:11 a.m. London time. Coupled with a 3.9 percent plunge yesterday, the two day decline has reduced oil’s year to date gain to 54 percent, from more than 60 percent last week.....Read the entire article

Following the Jockeys in the Oil Patch

You’re only as good as your last deal.

Buy the jockey, not the horse.

That’s what came to mind today when I read that Eagle Rock Explorations (ERX-TSXv) was bringing in a new management and re-capitalizing this 550 boe producer operating in Alberta and Saskatchewan. Half the new group is from Crescent Point Energy (CPG-TSX) the most highly valued intermediate oil producer on the TSX. That’s a great calling card. The other half comes from Wild River and Prairie Schooner, two junior producers that were build and sold earlier this decade.

And the Eagle Rock stock showed the worth of this team, quadrupling to 32 cents on huge volume of 12 million shares – 22% of the stock outstanding. Many investors follow this strategy, find successful management teams who have built and sold companies before, and follow them on every deal. So in my next issue for subscribers, due out in the first couple weeks of October, I will profile three new young companies that are the new ventures for three highly successful management teams in the Canadian oil patch.....Read the entire article

Where is Crude Oil Headed on Thursday?

CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil is likely headed tomorrow.




Get 10 Trading Lessons FREE, just Click Here

Crude Oil Bulls Fail to Defend $69 Level

Crude oil closed down $3.21 at $68.55 a barrel today. Prices closed near the session low today. Trading has turned choppy in crude. Bulls faded badly today. Crude bulls still have the slight near term technical advantage. The next downside price objective for the crude oil bears is to produce a close below solid technical support at the September low of $67.66.

4 FREE Videos from INO TV!

Natural gas closed up 20.1 cents at $4.721 today. Prices closed nearer the session high again today. Prices are still in a two week old uptrend on the daily bar chart. However, bulls have more work to do to suggest prices can continue to trend higher.

Today’s Stock Market Club Trading Triangles

The U.S. dollar index closed up 24 points at 76.59 today. Prices closed near the session high today on a late rally after hitting another fresh contract low early on. Short covering in a bear market was featured. Bears still have the solid overall near term technical advantage. There are still no early technical clues that a market low is close at hand for the index.

Phil Flynn: Go Ahead and Make my Day

Go ahead and make my day. Commodity prices explode in what really shouldn’t be called trading, it should be called tainting. One day after paying all “due respect” to the Federal Reserve the dollar tanked and the commodities rallied almost trash talking the Federal Reserve and daring them to do something about it. I know what you’re thinking, did the Fed cut rates 4 times or was it five? In fact in all the excitement I kind of forgot myself.

I guess the question is: does the Fed feel lucky? Well do ya punk? The commodity markets are confident that the Fed is powerless at this point and does not have the courage to challenge the dollar. Everyone knows that the Fed can’t raise rates and the Fed will keep the target range for the federal funds rate at 0 to 1/4. The fact is the market does not believe the Fed has the courage to even hint at an exit strategy. Go ahead, keep printing money.....Read the entire article

What are you waiting for....Here is 10 FREE Trading Lessons!

Crude Oil Drops Below $69 After Unexpected U.S. Supply Gain

Crude oil fell below $69 a barrel in New York after a U.S. Energy Department report showed an unexpected increase in stockpiles as refineries idled units for seasonal maintenance and fuel demand dropped. Inventories climbed 2.86 million barrels to 335.6 million last week, the report showed. A decline of 1.4 million barrels was forecast, according to the median of 17 analyst responses in a Bloomberg News survey. Supplies of gasoline and distillate fuel, a category that includes heating oil and diesel, rose more than estimated.

“These numbers are bearish across the board,” said Bill O’Grady, chief market strategist at Confluence Investment Management in St. Louis. “We’ve been in a $60 to $75 range since early July. Prices should go down and test the bottom end of the range after these numbers.” Crude oil for November delivery fell $2.59, or 3.6 percent, to $68.96 a barrel at 10:49 a.m. on the New York Mercantile Exchange. Futures touched $68.57, the lowest since Sept. 15.....Read the entire article

Crude Oil Trading Choppy Ahead of FOMC Statement

Crude oil prices are near steady early today. Trading has turned choppy. In November crude, look for buy stops to reside just above resistance at $72.00 and then just above resistance at Monday's high of $72.65. Look for sell stops just below technical support at $71.00 and then more sell stops just below support at $70.00. Pivot point for crude oil today is 71.18. Today's key near term Fibonacci support/resistance level: $70.65. Wyckoff's Intra Day Market Rating: 5.0

What are you waiting for....Here is 10 FREE Trading Lessons!

The December U.S. dollar index is slightly lower in early trading today, and hit yet another fresh contract low overnight. Bears still have the solid overall near term technical advantage. Slow stochastics for the dollar index are neutral early today. The dollar index finds shorter term technical resistance at 76.50 and then at Tuesday's high of 76.95. Shorter term support is seen at the overnight contract low of 76.11 and then at 76.00. Today's key near term Fibonacci support/resistance level: 77.32. Wyckoff's Intra Day Market Rating: 4.0

Can you learn to trade crude oil in just 90 seconds?

December S&P 500: The shorter term moving averages (4, 9 and 18 day) are bullish early today. The 4 day moving average is above the 9 day and 18 day. The 9 day is above the 18 day moving average. Short term oscillators (RSI, slow stochastics) are neutral to bullish early today. Today, shorter term technical support comes in at the overnight low of 1,064.00 and then at Tuesday's low of 1,059.50. Sell stops likely reside just under those levels. Upside resistance for active traders today is located at last week's and the overnight high of 1,070.50 and then at 1,080.00. Buy stops are likely located just above those levels. Wyckoff's Intra day Market Rating: 5.5 Today's key near term Fibonacci support/resistance level: 1,039.00.

Pivot point--------- 1,065.35
1st Support:-------- 1,061.50
2nd Support:-------- 1,055.65
1st Resistance:----- 1,071.20
2nd Resistance:----- 1,075.05