While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
As seen on this point & figure, price action under today's low should lead to new lows ?in Crude.
47.30 is resistance, with sustained price action over 47.50 positive.
March WTI...Sets up slightly different
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.