Crude About to Make a Move

I haven't had an update on crude since the last post so here it is....Its basically just consolidating as of right now we have agreement between the buyer and the seller. this is opportunity here and there will be a trade off of this. everything in my first post is still playing out. and i'm still anticipating and push lower. though time will tell . good trading!


I decided to post this crude oil play, because i have been watching it setup now for several days, (and am kinda drooling lol) lots of anaylysts and traders are thinking crude has more room to rally and it very well might. BUT we are setting up in a unique pattern thats is very coiled and when the move happens it will be fast and more than likely with alot of volume behind it. Reason why I posted this is because there is 2 scenerios that can happen here. scenerio 1) we break out of this tight consolidation to the downside (which is what i would like to happen) or scenerio 2) we will break out to the upside and retest recent highs and chop back and forth. this future is very vulnerable and is ready to make a serious move the balance area that has formed is very mature. What ever it decides to do there is several trade opportunites that lie here you can buy the breakout in an initiative type play, or be a responsive buyer at the lows or highs or recent highs. All in all this is a great example of a very mature balance that is about to go to imbalance. Note: one reason why im leaning to more of a bearish bias is because 1.) its memorial weekend and oils just flat out not moving, in the past crude would rip all the way into memorial weekend...maybe oil has gotten ahead of itself??? 2.) we have been pushing up hard for several months. If your not a player in this paticular setup or dont want to trade the crude contract there is several of stocks setting up the same way. Good Trading KraTrader

1312.50 is a Key Area to watch

I have been mentioning now for close to a week how critical the 1312.50 level is. Its important because if we get a close below I believe the objective will be 1292-1290 level, for the bulls to buym' up. As we are testing this area it has several key characteristics, look at yesterdays tail and the bulls defended that level and closed it above 1312.50, and the days prior were defended nicely as well. as of right now, were in a balance period to were I'm going to be looking for responsive sellers to be active at the extremes of the range in hope of an initiative breakout to the downside, that will push us to the big level of 1292-1290. note: with the tight range were having and these inside days /(fakey's) i like to call them, our target could be reached quickly. Good trading KraTrader.

Goldman Setting UP

All eyes on gs entering support zone. i will be a buyer @ 132.75 targeting 141 then 150's. i know there is a lot of longs trapped in this thing also, any type of relief rally could get us a nice squeeze. this is a swing position.patience is a virtue. note: i do believe this to be a suitable long term hold, and that shorts will begin to cover there position @ 132.75. tab for clues!!!!

Inside Day, Were setting up for a move

kra's to keep in mind Daily ES