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Let's Gain - The Professional Signals Provider - Signals, Trading Systems, Technical Analysis

Thursday
Jan 08th
Crude Oil

Click on the links below to view our perfromance:

2007 - 2008

Details


round_arrow.png This contract is one of the most worth, liquid, technical and volatile of the whole financial markets. The price of the front month represents the official price of the New York traded crude oil: this is the most actively traded commodity.

round_arrow.png Our trading system is based on physical delivered crude oil (CL) and always on the most liquid consecutive month traded on electronic market via the CME Globex trading platform. This is an overnight trading system.

How it works


round_arrow.png Trading day starts at 18:00 NY time until 17:15 (next day) from Sunday to Friday. Our signals are tradable during this time at earliest convenience of the client or its broker. Signals are usually sent before 8:00 GMT and are valid until 22:00 GMT.  

round_arrow.pngCurrency = USD $
Contract size = 1,000 barrels (approx 42,000 gallons)
Minimum price fluctuation (tick) = 0,01 USD

round_arrow.pngThe trading system is based on a trend following approach. We strictly follow this rule so we tend to reduce the number of trades during the year, to provide entries on significant levels where we believe (statistically) that the market will bump or break.


Tick value = 10 USD

For more technical info click on www.nymex.com     

Maximum Stop loss = 1,500 USD
Initial Capital required = 12,000 USD


Natural Gas future - Update
It seems that NYMEX Natural Gas is showing great strength to run towards the resistance we gave on our last analysis (9.080). Today it hit its high at 9.120 touching again the upper trend line. This is the highest trade since February 2006. We reckon that this market will be weaker as the March delivery will move closer to its expiry. RSI is high and a technical downside correction is more likely, so we speculate on a short position.
 
Support 8.734
Resistace 9.400 
 
natgas_small.png
 

 
 





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Trading in Foreign Exchange, CFDs, Options, Futures and Commodities carries a high degree of risk to your capital and it is possible to lose more than your initial investment. You should only speculate with money that you can afford to lose. These products may not be suitable for all investors, therefore please ensure that you fully understand the risks involved and seek independent advice if necessary. Please read our full Disclaimer.