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| Martys PIT Session Levels |
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| Martys PIT Session Notes |
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| Dollar-Index 60-Minute |
The Dollar-Index
is moving higher again this morning, which is telling us that the Dollar-Index-correlation
says to look for selling-opportunities for the high-percentage-trades today. The 60-minute chart shows us the bullish price-channel
along with the highs of sell-zone at 83.165, which means above this level we
have wide open space for the Dollar-Index to keep moving higher. Look for the rising Dollar-Index to push
prices lower this morning on Gold, Euro, and Crude Oil.
Crude Oil Futures:
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| Crude Oil 60-Minute |
Crude Oil is
trading in the middle of the range on the 60-minute anchor chart this morning,
with support below at 94.42 and resistance above at 95.94. These technical clues tell us to expect
2-sided trading this morning without much room to move higher or lower without
something getting in our way. We will
need a strong market personality either higher or lower this morning to feel
confident with trend-trading. If we do
not see strong market personality in either direction we will look for price-reversal
patterns to buy support and sell resistance.
Remember the Dollar-Index looks bullish, so the short-side will most
likely be the direction it will move first, but again, with the support below
us we know that look for the price-reversals will likely be the high-percentage-trades
this morning.
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| Crude Oil 5-Minute |
We are
trading in the middle of the London trading Session on the 5-minute chart this
morning, after testing the trigger-zone support at 94.82 we are now looking to
head to the highs of the range again before testing the reversal-zone at 95.37. We will be looking to sell-the-high at
resistance and buy-the-lows at support of this trading-range today.
Support Levels Below:
94.82,
94.69, 94.51, 94.40, 94.27, 93.97, 93.59, 93.17, 92.67, 92.49
Resistance Levels Above:
95.37, 95.67, 96.05, 96.17, 96.47, 97.08, 97.15, 97.23
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