COT Market Summary for Tuesday Sept. 17th - Crude Oil, Natural Gas, SP 500 and Gold

October crude oil closed lower on Tuesday. The low range close sets the stage for a steady to lower opening when Wednesday's night session begins. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near term. Today's closes below last Tuesday's low crossing at 106.39 confirms that a short term top has been posted while opening the door for additional weakness near term. Closes above the 10 day moving average crossing at 107.93 would temper the near term bearish outlook. First resistance is the 10 day moving average crossing at 107.93. Second resistance is the reaction high crossing at 110.70. First support is the reaction low crossing at 104.21. Second support is the 38% retracement level of the April-August rally crossing at 102.43.

October Henry natural gas closed slightly lower due to light profit taking on Tuesday. The low range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are diverging but remain bullish signaling that sideways to higher prices are possible near term. If October extends the rally off August's low, the 50% retracement level of the May-August decline crossing at 3.842 is the next upside target. Closes below the 20 day moving average crossing at 3.598 would confirm that a short term top has been posted while opening the door for additional weakness near term. First resistance is the 50% retracement level of the May-August decline crossing at 3.841. Second resistance is the 62% retracement level of the May-August decline crossing at 4.003. First support is the 20 day moving average crossing at 3.598. Second support is the reaction low crossing at 3.483.

The December S&P 500 closed higher on Tuesday and the high range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term. If December extends the rally off August's low, weekly resistance crossing at 1705.00 is the next upside target. Closes below the 20 day moving average crossing at 1653.39 would confirm that a short term top has been posted. First resistance is Monday's high crossing at 1702.80. Second resistance is weekly resistance crossing at 1705.00. First support is the 10 day moving average crossing at 1670.96. Second support is the 20 day moving average crossing at 1653.39.

October gold closed lower on Tuesday and the low range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If October extends this month's decline, August's low crossing at 1272.10 is the next downside target. Closes above the 20 day moving average crossing at 1374.40 would temper the near term bearish outlook. First resistance is the 20 day moving average crossing at 1374.40. Second resistance is August's high crossing at 1432.90. First support is Monday's low crossing at 1302.90. Second resistance is August's low crossing at 1272.10.

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Ray @ The Crude Oil Trader


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COT Week Ending Market Summary - Crude Oil, Natural Gas, SP 500 nad Gold

October crude oil closed lower on Friday. The high range close sets the stage for a steady to higher opening when Monday's night session begins. Stochastics and the RSI are neutral to bearish hinting that sideways to lower prices are possible near term. Multiple closes below Tuesday's low crossing at 106.39 are needed to confirm that a short term top has been posted. If October renews this summer's rally, weekly resistance crossing at 114.83 is the next upside target. First resistance is August's high crossing at 112.24. Second resistance is weekly resistance crossing at 114.83. First support is Tuesday's low crossing at 106.39. Second support is the reaction low crossing at 103.50.

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October Henry natural gas closed higher on Friday. The high range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near term. If October renews the rally off August's low, the 50% retracement level of the May-August decline crossing at 3.842 is the next upside target. Closes below the 20 day moving average crossing at 3.568 would confirm that a short term top has been posted while opening the door for additional weakness near term. First resistance is the 38% retracement level of the May-August decline crossing at 3.680. Second resistance is the 50% retracement level of the May-August decline crossing at 3.842. First support is the 20 day moving average crossing at 3.568. Second support is August's low crossing at 3.154.

Ready to start trading crude oil? Start right here....Advanced Crude Oil Study – 15 Minute Range

The December S&P 500 closed higher on Friday. The high range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term. If December extends the rally off August's low, the reaction high crossing at 1684.40 is the next upside target. Closes below the 20 day moving average crossing at 1648.00 would confirm that a short term top has been posted. First resistance is Thursday's high crossing at 1683.00. Second resistance is the reaction high crossing at 1684.40. First support is the 10 day moving average crossing at 1657.60. Second support is the 20 day moving average crossing at 1648.00.

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October gold closed sharply lower on Friday extending the decline off August's high. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near term. If October extends this week's decline, August's low crossing at 1272.10 is the next downside target. Closes above the 20 day moving average crossing at 1380.40 would temper the near term bearish outlook. First resistance is the 20 day moving average crossing at 1380.40. Second resistance is August's high crossing at 1432.90. First support is today's low crossing at 1304.60. Second resistance is August's low crossing at 1272.10.

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Coffee Holds Above 20 Day Moving Average....you in?

Coffee prices sold off 60 points this Friday afternoon at 120.00 but up about 200 points for the week still stuck in a 17 day extremely tight consolidation with very little bullish news to prop up prices as massive supplies worldwide are keeping prices right at 4 year lows.

However we are sticking our neck out here and are advising traders to get long this market placing a stop loss at 114 risking around $2000 per contract as coffee is now trading above its 20 day moving average but below its 100 day moving average with outstanding chart structure & extremely low volatility.

Some of the best markets I’ve ever seen have been the ones that have no reason to go up or down and this market has absolutely no reason to move higher with massive supplies across the globe & crops doing extremely well at this time, but this news is already priced into the market and one day this market will start to turn to the upside it’s just a matter of when.

TREND: MIXED – CHART STRUCTURE: EXCELLENT

Don't miss the second video in this weeks series "The Truth about Trading the Trend"

COT Market Summary for Thursday Sept. 12th - Crude Oil, Natural Gas, SP 500, Gold, Coffee

October crude oil closed higher due to short covering on Thursday as it consolidates some of this week's decline. The high range close sets the stage for a steady to higher opening when Friday's night session begins. Stochastics and the RSI are bearish hinting that sideways to lower prices are possible near term. Multiple closes below the 20 day moving average crossing at 107.54 are needed to confirm that a short term top has been posted. If October renews this summer's rally, weekly resistance crossing at 114.83 is the next upside target. First resistance is August's high crossing at 112.24. Second resistance is weekly resistance crossing at 114.83. First support is the 20 day moving average crossing at 107.54. Second support is the reaction low crossing at 103.50.

Ready to start trading crude oil? Start right here....Advanced Crude Oil Study – 15 Minute Range 
 
October Henry natural gas closed higher on Thursday. The high range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near term. Closes below the 20 day moving average crossing at 3.556 would confirm that a short-term top has been posted while opening the door for additional weakness near term. If October renews the rally off August's low, the 50% retracement level of the May-August decline crossing at 3.842 is the next upside target. First resistance is the 38% retracement level of the May-August decline crossing at 3.680. Second resistance is the 50% retracement level of the May-August decline crossing at 3.842. First support is the 20 day moving average crossing at 3.556. Second support is August's low crossing at 3.154.

Make sure to watch "The Simple Truths About Trends"
 
The December S&P 500 closed lower due to light profit taking on Thursday. The mid range close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term. If December extends the rally off August's low, the reaction high crossing at 1684.40 is the next upside target. Closes below the 20 day moving average crossing at 1646.44 would confirm that a short term top has been posted. First resistance is today's high crossing at 1683.00. Second resistance is the reaction high crossing at 1684.40. First support is the 20 day moving average crossing at 1646.44. Second support is August's low crossing at 1621.00.

Day Trading History of 16 Major Candlestick Patterns
 
October gold closed sharply lower on Thursday extending the decline off August's high. The low range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near term. If October extends this week's decline, August's low crossing at 1272.10 is the next downside target. Closes above the 20 day moving average crossing at 1382.20 would temper the near term bearish outlook. First resistance is the 20 day moving average crossing at 1382.20. Second resistance is August's high crossing at 1432.90. First support is today's low crossing at 1322.40. Second resistance is August's low crossing at 1272.10.

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December coffee closed slightly lower on Thursday but remains above the 20 day moving average. The high range close set the stage for a steady to higher opening on Friday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near term. If December extends Wednesday's rally, August's high crossing at 12.70 is the next upside target. If December renews this summer's decline, monthly support crossing at 10.21 is the next downside target.

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Trading the Trend....Is Your Strategy Working?

This week our trading partner Todd Mitchell is sharing his unique trading strategies and we are finding they aren't for everyone. And, especially not for those people who like to use complicated software or get handcuffed to some "black box" trading system.

But it's a great insight into how professional E-Mini traders place winning trades everyday. You have to watch Todd's free presentation "The Simple Truth About Trends"

Todd proves that the key to pulling money of the markets - whether you're trading stocks, Forex, E-Mini futures or Options - is to trade with the prevailing trend. Yet, most people doing it all wrong. They're missing critical clues in price, getting in too late and not exiting their trade before the trend turns.

However, after watching this free video you'll have more knowledge about the trend than 90% of other traders.

Inside this presentation you'll discover:

- 3 Critical Bullish Patterns in Price
- 3 Important Bearish Patterns in Price
- 3 Little-Known Truths in Trend That Apply in all Markets in all Timeframes
- How to Spot Reversals Before They Happen
- How to Determine the Strength of the Market


There's over 1,000 comments of people raving about this content and I'm certain you'll agree it's one of the best presentations you've watched all year.

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Ray @ The Crude Oil Trader

COT Market Summary for Wednesday Sept.11th - Crude Oil, Natural Gas, SP 500, Gold and Coffee

October crude oil closed higher due to short covering on Wednesday as it consolidates some of this week's decline. The high range close sets the stage for a steady to higher opening when Thursday's night session begins. Stochastics and the RSI are turning neutral to bearish hinting that sideways to lower prices are possible near term. Multiple closes below the 20 day moving average crossing at 107.45 are needed to confirm that a short term top has been posted. If October renews this summer's rally, weekly resistance crossing at 114.83 is the next upside target. First resistance is August's high crossing at 112.24. Second resistance is weekly resistance crossing at 114.83. First support is the 20 day moving average crossing at 107.45. Second support is the reaction low crossing at 103.50.

Here's why the eMini is fast becoming our favorite market

October Henry natural gas closed lower on Wednesday. The mid range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near term. Closes below the 20 day moving average crossing at 3.543 would confirm that a short term top has been posted while opening the door for additional weakness near term. If October renews the rally off August's low, the 50% retracement level of the May-August decline crossing at 3.842 is the next upside target. First resistance is the 38% retracement level of the May-August decline crossing at 3.680. Second resistance is the 50% retracement level of the May-August decline crossing at 3.842. First support is the 20 day moving average crossing at 3.543. Second support is August's low crossing at 3.154.

Ready to start trading crude oil? Start right here....Advanced Crude Oil Study – 15 Minute Range

The December S&P 500 closed higher on Wednesday as it extends the rally off August's low. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near term. If December extends the rally off August's low, the reaction high crossing at 1684.40 is the next upside target. Closes below the 20 day moving average crossing at 1646.12 would confirm that a short term top has been posted. First resistance is today's high crossing at 1680.70. Second resistance is the reaction high crossing at 1684.40. First support is the 20 day moving average crossing at 1646.12. Second support is August's low crossing at 1621.00.

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October gold closed lower on Wednesday extending yesterday's breakout below the 20 day moving average. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near term. If October extends this week's decline, the reaction low crossing at 1351.60 is the next downside target. Closes above the 10 day moving average crossing at 1390.00 would temper the near term bearish outlook. First resistance is the reaction high crossing at 1432.90. Second resistance is May's high crossing at 1489.00. First support is the reaction low crossing at 1351.60. Second resistance is August's low crossing at 1272.10.

How to Trade Small Cap Stocks and 3x ETF's Current

And we just can't help ourselves.....December coffee closed higher on Wednesday and above the 20 day moving average crossing at 118.88 confirming that a low has been posted. The high range close set the stage for a steady to higher opening on Thursday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near term. If December extends today's rally, August's high crossing at 12.70 is the next upside target.

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Trading the eMinis....a lot easier then you think - New Video

Many traders are CRUSHING it in the eMinis right now! At the same time, far more traders are gripped with fear and struggling just to break even. The difference?

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COT Market Summary for Tuesday September 10th - Crude Oil, Natural Gas, SP 500, Gold and Coffee

October crude oil closed lower on Tuesday and below the 20 day moving average crossing at 107.38. Multiple closes below the 20 day moving average would confirm that a short term top has been posted while opening the door for additional weakness near term. The low range close sets the stage for a steady to lower opening when Wednesday's night session begins. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near term. If October renews this summer's rally, weekly resistance crossing at 114.83 is the next upside target. First resistance is August's high crossing at 112.24. Second resistance is weekly resistance crossing at 114.83. First support is the 20 day moving average crossing at 107.38. Second support is the reaction low crossing at 103.50.

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October Henry natural gas closed lower on Tuesday. The mid range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near term. Closes below the 20 day moving average crossing at 3.530 would confirm that a short term top has been posted while opening the door for additional weakness near term. If October renews the rally off August's low, the 50% retracement level of the May-August decline crossing at 3.842 is the next upside target. First resistance is the 38% retracement level of the May-August decline crossing at 3.680. Second resistance is the 50% retracement level of the May-August decline crossing at 3.842. First support is the 20 day moving average crossing at 3.530. Second support is August's low crossing at 3.154.

Day Trading History of 16 Major Candlestick Patterns

The December S&P 500 gapped up and closed higher on Tuesday as it extends the rally off August's low. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near term. If December extends the rally off August's low, the reaction high crossing at 1684.40 is the next upside target. Closes below the 10 day moving average crossing at 1640.95 would confirm that a short term top has been posted. First resistance is today's high crossing at 1675.00. Second resistance is the reaction high crossing at 1684.40. First support is the 10 day moving average crossing at 1640.95. Second support is August's low crossing at 1621.00.

How to Trade Small Cap Stocks and 3x ETF's Current Setups

October gold closed lower on Tuesday and below the 20 day moving average crossing at 1380.50 confirming that a short term low has been posted. The low range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near term. If October extends today's decline, the reaction low crossing at 1351.60 is the next downside target. Closes above the 10 day moving average crossing at 1395.70 would temper the near term bearish outlook. First resistance is the reaction high crossing at 1432.90. Second resistance is May's high crossing at 1489.00. First support is the reaction low crossing at 1351.60. Second resistance is August's low crossing at 1272.10.

6 Things Successful Traders Have in Common

December coffee closed lower on Tuesday. The low range close set the stage for a steady to lower opening on Wednesday. Stochastics and the RSI have turned bullish hinting that a low might be in or is near. Closes above the 20 day moving average crossing at 118.99 would confirm that a low has been posted.

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The Best eMini Short Cut EVER!

Here's the real reason why E-Minis are the secret money making weapon behind the greatest names in trading.

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A few folks offer some interesting info but most leave out all the good stuff.

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In his latest video Todd makes his theory on the eMinis unfair advantage perfectly clear.

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That’s why I insist you watch this.

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Please feel free to leave a comment and let us know what you think about the video


Ray @ The Crude Oil Trader