This report was sent to subscribers on 7/1/09 9:55 p.m. Chicago time to be used for trading on 7/2/09. Everything is done by Howard Tyllas, no program or black box.
August Crude Oil
11:20 CDT: My support was 66.37, only .11 from the actual low, and my pivot acted as resistance and was 69.99, only .12 from the actual high.
Ask yourself, how well would I have traded if I had these numbers the night before to work with?
Online Readers Please Note: Most services use at least 6 supports and 6 resistances for 1 session, what good does that do you, which number do you actually use? I use 1 or 2 support numbers and 1 or 2 resistance numbers. I did not cherry pick this market today, most of the markets I covered today had similar results. My subscribers have been praising me for the accuracy they consistently have shown, which is a confidence builder that leads them to rely on them as a valuable tool in their trading. This is also evident in the 90 to 100% renewal rate of existing customers. Some have been with me for 12 monthly renewals, most for more than 8 months.
Lastly, these are the same numbers I use to trade my CTA program, which earned 6.1% after my payout in the month of June 2009.
For the 12 month period ending March 31, 2009, the "Futures Flight" program is up 33.45%.
Do yourself a favor and subscribe to the same daily numbers I use trading an actual $1 million dollar fund account.
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73.42 |
71.92 |
--------------69.99 Pivot |
68.06 |
66.37 |
|
Trend |
5 day chart ......... Up |
Daily chart ......... Up |
Weekly chart ........ Down |
Monthly chart ...... Down 62.46 is the 200 DMA |
ATR 2.92 Balanced 40% |
August Crude Oil Chart
I have been saying and held true again on Monday "This is another example of how an uptrend line turns into resistance after falling below that line. Notice how the higher highs fail to recapture trend line, hence the trend line acts as resistance on any given day as long as it is below that line".
Comment for 7/2 August Crude Oil
What the equities market & the $ does from here, will help or hurt crude oil.
In my daily numbers on Wednesday, my resistance was $1.11 from the actual high; my support was $.46 from the actual low.
Crude Oil: last 2 weeks have seen a $66 to $74 range, and I think we will bounce around in that range for the next week or two. Trade the numbers, they are working well.
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Howard Tyllas
