04/30/13 Crude Oil Morning Prep; Screen to Floor

Thanks for joining us for today's Crude Oil Morning Prep; Screen to Floor

Crude Oil Morning Prep; Screen to Floor 04/30/13

Crude Oil 240-Minute

Crude Oil 4-Hour:

The 240-Minute chart shows us a big wide open space above the 95.12 swing-high so look for the sellers to try and provide enough supply to keep prices below this level.  We will look for a test of the 94.79, followed by a price-reversal to get short off this sell-zone above us.  If prices fall lower this morning we assume we will be pulling back in a trigger-zone Fibonacci retracement and we will be selling short on the way down.

Crude Oil 60-Minute

Crude Oil 60-Minute:

Hourly anchor chart shows us the new bull price-channel which has been confirmed using our advanced price-structures and Fibonacci ratios.  We can see the A, B, C and we are now waiting for a test fo the 93.00 area for a great buying opportunity at the lows of the price-channel.

Crude Oil 30-Minute

Crude Oil 30-Minute:

30-Minute anchor charts shows us trading in a narrow sideways-trading-range.  We need to break below this 94.28 buy-zone in order to head lower, and above the 94.74 to move higher.

If we do move higher, there is a LOT of wide open space above the 95.15 swing-high so there may be plenty of opportunity for this price-action to move higher, we just need to see who takes control this morning.

Crude Oil VIP 5-Minute

Crude Oil VIP Chart:

I’m going to buy-the-lows at support and sell-the-high at resistance of the London trading Session from 94.62-94.13.  Looking for a price-reversal inside the London Reversal-Zone above and below the London trading Session.  If we see a 5-minute candle close below 93.99 we are bearish and selling short.  A 5-minute candle close above the 94.75 will mean bullish market sentiment and we will buy pullbacks on the way higher.

FLOOR LEVELS FOR TODAY:  Open at 9:00am EST

Opening Print above 95.00 = Bullish

Opening Print below 94.00 = Bearish

Range Between 94.00 and 95.00 we expect a sideways-trading-range so trading accordingly.

Crude Oil Morning Prep 04/29/13

Join us every morning at 7:30am EST for our Daily Morning Prep from the Screen to the Floor

Crude Oil Morning Prep; Let's get ready for trading

This morning we see a large trading range coming out of London's Trading Session from 3am to 7am EST, and this wide range tells us there will certainly be some trading opportunities this morning.  The size of London's range moving higher tells us to look for selling opportunities at the London Highs of 93.46 and the London +27.2% Extension.  We will be looking for price reversal trades around these two selling points this morning between 8am and 9am EST.  A Close above the 93.66 will signal buyers in control, and we will be buying up to the 94.20 target above us.

Screen To Floor Crude Oil Morning Prep; Are you ready for Monday?

We still haven’t seen confirmation from the buyers or sellers as-to WHO is in control at this point, all we know right now is the closing bell on Friday sent everyone home.  This should be an exciting beginning of the week.  A close below 91.75 will give the sellers new life to the downside, and a close above 94.00 would mean higher prices for sure.

There is a battle setting up for Monday's Opening-Bell, and we're inviting you to come join us for a Morning Prep that will take you from the Screen to the Floor.  

Marty Errico broadcasts from the NYMEX Exchange in NYC and Joseph James live from Los Angeles.  Joseph will begin with his detailed top-down approach, and Marty will bring us up to speed on Monday's important levels off the floor.

You cant get this stuff anywhere else, come join us every trading day @ 7:30am EST to get ready for the opening bell.

Screen to Floor; Crude Oil Morning Prep

Thanks for joining us every morning at 7:30am EST for our Live 'Screen to Floor Crude Oil Morning Prep'  


JJ's Call of the Day:  "Im bullish in the short term, buying the London Lows."


Marty's Call of the Day:  "Look for sideways chop if we dont see the opening print above 93.40"

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