Carl Futia

Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time

Friday, December 16, 2005

Crude Oil

Here is an hourly chart showing pit and electronic trading in January '06 crude oil

The market is approaching support at 57.50. From there I think a rally to 63.00 or so will develop.

Carl Futia at 2:01 PM

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About Me

Carl Futia: I write two financial blogs. The first is Carl Futia.On this blog I post daily "guestimates" of the current trends and trend potential in important markets. My second blog, Carl Futia Real Time, is subscription based. It is a real time trading seminar in which members receive my real time analysis of the E-mini S&P futures and can watch me trade them. In this seminar I explain how I calculate support and resistance levels and how I recognize market "rejections" of support or resistance which then determine the current trend directions.

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Friday, December 16, 2005

Crude Oil

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