EMini Crude Oil Trading Plan

[Speculator70 10]

Monday 6.15.15

 

 

Crude

61.25 – 61.35

60.80 – 60.90

60.42 – 60.52

59.69 – 59.79

59.16 – 59.26

58.76 – 58.86

58.34 – 58.44

 

Emini (Rollover to Sept Contract)

2094.75 – 2095.75

2091 – 2092

2086.75 – 2087.75

2081.75 – 2082.75

2075.25 – 2076.25

2070.75 – 2071.75

2065.75 – 2066.75

Edited June 15, 2015 by Speculator70
wrong title

[Speculator70 10]

For Wednesday June 24th 2015

 

 

 

Areas of Importance

 

Crude Oil

 

63.40 – 63.50

62.85 – 62.95

62.38 – 62.48

61.66 – 61.76

60.75 – 60.85

60.20 – 60.30

59.70 – 59.80

59.10 – 59.20

 

EMini

 

2134.25 – 2135.25

2130.50 – 2131.50

2126.50 – 2127.50

2122.50 – 2123.50

2118.50 – 2119.50

2114.50 – 2115.50

2109.50 – 2110.50

2105 – 2106

2100.50 – 2101.50

2096 – 2097

Edited June 24, 2015 by Speculator70
no date

[Speculator70 10]

 

Overlook of the past trading month and the upcoming trading session. Join us for a free 5 day trial in our live chat trading room and get this analysis and the areas of importance each night for the next trading day. Watch the impact it has on your trading!

 

Areas of Importance for your charts

 

Crude Oil

 

61.60 – 61.70

61.30 – 61.40

60.67 – 60.77

60.20 – 60.30

59.90 – 60.00

59.50 – 59.60

59.00 – 59.10

58.40 – 58.50

57.90 – 58.00

57.45 – 57.55

56.94 – 57.04

 

EMini –

 

2091.50 – 2092.50

2083 – 2084

2073 – 2074

2065 – 2066

2060.25 – 2061.25

2053 – 2054

2045.75 – 2046.75

2038.50 – 2039.50

2031 – 2032

2019 – 2020

2009.50 – 2010.50

[Speculator70 10]

 

Areas of Importance

 

Crude

 

Targets - Support and Resistance

 

49.50 - 49.60 - Long Term Target

50.30 - 50.40 - Long Term Target

50.80 - 50.90

51.25 - 51.35 - Key Support

51.70 - 51.80

52.15 - 52.25 - Key Support

52.85 - 52.95

53.55 - 53.65 - Key Resistance

53.90 - 54.00

54.35 - 54.45 - Long Term Target

54.80 - 54.90 - Long Term Target

 

Initial Targets: Up - 53.40 Down - 52.20

 

Euro

 

Targets - Support and Resistance

 

10910 - 10920 - Long Term Target

10960 - 10970 - Long Term Target

11000 - 11010 - Key Support

11045 - 11055

11075 - 11085

11125 - 11135 - Key Support

11155 - 11165

11190 - 11200

11225 - 11235 - Key Resistance

11285 - 11295 - Long Term Target

11355 - 11365 - Long Term Target

 

Initial Targets: Up - 11210 Down - 11135

[lukepearson 10]

Gaurav Sharma, oil analyst at Sharecast joined Tip TV today to share his views on oil, noting that short-sellers could be getting too ahead of themselves. $60 Brent could be optimal value. Sharma believes that we are seeing a bit of a reversion to the norm again, with the market behaving in a somewhat predictable fashion, while other markets are losing their heads somewhat. He feels that $60 per barrel of Brent remains an optimal price target for year end. - See more at: Oil market analysis: Get used to volatility, $60 not too optimistic for year end - Tip TV

[lukepearson 10]

Oil outlook: Crude to hit WTI? Eyes on US driving seasonal effect The state of the Crude market remains bearish, with oil prices not far from their lows, notes Malcolm Graham-Wood, Oil Analyst and founder of MalcysBlog. Technically oil prices remain in a bear market. Oil supply concerns remain, and the expected Iranian oil is worrisome. US refineries remain geared up to producing gasoline Graham-Wood, says that US refineries are gearing up to produce gasoline. Labour day is end of the driving season and demand drops off, so in the middle of September refineries switch to more industrial products than gasoline, explains Wood. How low can crude go? Wood sees bearish potential for WTI crude, expecting oil prices to hit $45/barrel. He further says that this remains a crucial level. He adds that the competitive nature of US shale is now being questioned in the oil market. Watch the video to know the fundamental and technical outlook for the following stocks – ZM, MGW, PANR, AMER. - See more at: Oil outlook: Crude to hit WTI? Eyes on US driving seasonal effect - Tip TV

[lukepearson 10]

Oil Outlook: Brent $40 floor, $35 written all over WTI Crude

 

Chris ‘oil’ Williams, City Investor and City Financial Writer, joined Zak Mir and Mike Ingram, to discuss his views on the current oil market and his future predictions.

 

The supply side: Saudi Arabia trying to blow everyone out the water

 

Williams noted the situation surrounding Saudi Arabia, with the conclusion that its economy can’t maintain this looking forward, and that with it facing a budget deficit of 20% of its GDP, it cannot continue on the course of lower prices for much longer. In contrast, he added how OPEC countries are decreasing their production as a result of maintenance or political issues, with Venezuela facing the second type of problem. When concerning Iran, it will be opening up at the end of the year, but Williams believes that the market has already priced this in. US shale forecast shows a reduction from 9.6 to 9 million barrels a day, with the majority of shale being hedged about $70-80 a barrel. However, he also commented that with hedges coming off in September-October time, production will have to stop or be significantly reduced.

 

Brent breaks $45 level, WTI to $35, and BP offering 7.2% yields

 

Williams began by outlining the situation with Brent Crude, with his opinion judging this down to $40, which was a 2009 low, after breaking the $45 level. In terms of WTI Crude, he highlighted how the $35 level is written all over it. Watch the video for the technical outlook of oil stocks.

 

See more at: Oil Outlook: Brent $40 floor, $35 written all over WTI Crude | TipTV.co.uk

[lukepearson 10]

Brent crude oil experiences worst quarter since 2010

 

Guarav Sharma – Oil analyst at Sharecast – joins Tip TV CEO, Nick Batsford, to talk about how Chinese sentiment has weighed on the oil market, and whether it’s likely to bounce back from this.

 

Obsessions with China need to be tempered

 

The nosedive in oil price that we’ve witnessed over the last month is largely attributed to concerns surrounding China, but Guarav Sharma believes that this sentiment is misplaced. China are still importing 7million barrels daily, and remain net exporters of refined petroleum through the region.

 

$60 per barrel by Christmas?

 

Current prices for Brent are holding just below the $50 level. Sharma believes these could see a $60 high before the new year, but are still prone to volatility driven by fundamentals. He also believes prices could claw their way back to $75 per barrel much sooner than we expect.

 

See more at: Brent crude oil experiences worst quarter since 2010 | TipTV.co.uk