Oil has been banging it's head on 49.54 MTS # all week. See below for the entire week's charts.
IF we can get over 45.54 MTS # (M=Macro) I will be targeting 50.02 TS # initial and then 50.86 - 50.68 TS # Zone which is Friday's HOS FTU (Highest Odds Short First Time Up). That is the expectation.
FAILURE to break / hold 45.54 means we likely test Friday's Range Long / HOL FTD from above and see if buyers are found. Friday's Range Long is 49.09 - 48.94 and HOL FTD is not far below that. A break of HOL FTD and could be trend down. Not the expectation but keep in mind my # 1 rule is anything is possible at any time.
Note the above prices are for M contract. We are trading N contract Friday.
Follow up (Friday Review) posted Saturday May 20, 2017 2:49 CT.
Precise Trading Plans and Trade Alerts for the:
Specific Oil Analysis for Friday May 19, 2017 is at the bottom of this post.
Thursday May 18, 2017 TS TradePlan Oil Review
Wednesday May 17, 2017 TS TradePlan Oil Review
Tuesday May 16, 2017 TS TradePlan Oil Review
Monday May 15, 2017 TS TradePlan Oil Review
FAILURE to break / hold 45.54 means we likely test Friday's Range Long / HOL FTD from above and see if buyers are found. Friday's Range Long is 49.09 - 48.94 and HOL FTD is not far below that. A break of HOL FTD and could be trend down. Not the expectation but keep in mind my # 1 rule is anything is possible at any time.
Note the above prices are for M contract. We are trading N contract Friday.
Follow up (Friday Review) posted Saturday May 20, 2017 2:49 CT.
Friday May 19, 2017 TS TradePlan Oil Review
Precise Trading Plans and Trade Alerts for the:
