Showing posts with label Crude Oil Forecast 6-13-11. Show all posts
Showing posts with label Crude Oil Forecast 6-13-11. Show all posts

Wednesday, June 15, 2011

Markets Act in Predictable Manner

I commence with my gratitude to The Creator

Markets Act in Predictable Manner and in relationship with its previous moves.
In one of my recent Crude Oil Forecasts, I have predicted a price target level of $94.00. Yesterday, Crude Oil went into a resistance level, (which I was watching $99.8-100) and then sold off. That was Not the only reason of sell-off. Market works in fractals and channels, which creates a vibration resonance in the future. I had added and highlighted the yesterday's price vibration line with "red color" line. When it was extended, it reached the price of $99.80-$100.00 (within the range of different prices at different exchanges or brokers), sold off. See below. I have explained some of the tools and techniques, I use to ascertain prices and time. Click on the top 2 pictures, from yesterday and left bottom picture from today.

Tuesday, June 14, 2011

Crude Oil Forecast 6-13-11 UPDATE

I commence with my gratitude to The Creator

How to trade with Time Cycle and Using Technical and Some Common Sense.

See the June 13th swing low aligned with Time Cycle prediction. See the attached pic. of the forecast, previously posted here as well!
For following illustration, See the Chart titled "Crude Oil Forecast 6-13-11 i"
  • On June 13th, Crude Oil dropped to 96.14 level. $96.00 level was forecasted as support in forecast, see my previous forecasts.
  • For 10 hours crude did not break this level. and then it broke out the 10 hours downward trend-line
  • Point "1", Crude Oil made a spike low and reversed within same 10 minute bar to the half of the bar.
  • Point "1", next 2 bars engulfed the spike low bard.
  • Point "1", the 3rd and 4th bar did the retest of the low made the spike low bar.
  • Point "2" This was a clear entry for long trade at break of this down-ward trend-line
  • Point "2a", was an aggressive entry, and the least risky long entry was to enter the long trade at the retest of the spike low bar 50%. 3rd green bar after the successful retest of the spike low
  • Point "1" and Point "2a" are being formed on CIT, trend change date.
  • Market has dropped into the time cycle.
  • Market has been declining since June 9th, for last 4 days.
  • Therefore, it was an obvious swing low aligned technically with time cycle. Thus a very profitable and the least risky entry for a long trade.
  • Trade entries were either at point 1, as illustrated above, or at point 2 or finally on point 3
  • Trade entries were $96.50, $96.70 or $96.60 accordingly, all with stop at $96.10
  • Once you are in the trade, then money management was watching your stop
  • Then once, the trade cleared the resistance of Point A, then stop should have been moved to Point B, once trade went beyond the pink line at Point B resistance/support.
  • After the trade has been successful, then monitoring the trade according to the hourly chart is the prudent strategy. See the hourly chart attached here.





Monday, June 13, 2011

Crude Oil Forecast UPDATE

I commence with my gratitude to My Creator

Crude Oil Forecasting Subscription Service has been phenomenal just like Gold and Silver Forecasting Subscription Service.




Each trade swing was predicted and captured by the forecasting service.

For inquiries about Forecasting Subscription service, please send an email to TradeInHarmony@gmail.com