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April Crude Oil Daily Numbers & Trade Ideas for 3/17/10


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This report was sent to subscribers on 3/16/10 11:00 p.m. Chicago time to be used for trading on 3/17/10. Everything is done by Howard Tyllas, no program or black box.

Results for 3/17/10 were:

Grains: My soybean resistance was $.02 from the actual high and my support was $.00 1/4 from the low, and my corn resistance was $.00 3/4 from the actual high, and my support was $.02 from the actual low.

Crude Oil: My resistance was 0.07 from the actual high; my support was 0.08 from the actual low.

S&P:      My resistance was 1.50 from the actual high; my support was 1.75 from the actual low.

Gold:     My resistance was 4.10 from the actual high; my support was 2.40 from the actual low. 

Euro:    My resistance was 0.16 from the actual high; my support was 0.40 from the actual low.

Bonds: My resistance was 2 from the actual high; my support was 2 from the actual low. 

Nat. Gas: My resistance was .055 from the actual high (4 in open outcry); my support was .057 from the actual low.   

Cattle:  My resistance was .27 from the actual high; my support was .35 from the actual low. 

Do yourself a favor and get your numbers after the market is closed to be used for the next session trading. Ask yourself how much would it have been worth to read my comments and get my numbers 14 hours before today's open outcry?  

April Crude Oil

After the close on 3/17/10: My resistance was 83.16, just $0.07 from the actual high, and my pivot acted as support and was 81.60, just .08 from the actual low.

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83.55 FG                      

83.16                      

--------------81.80       Pivot

80.45                           

79.32                           

      

Trend                               

5 day chart ......      Up (from last week same day)                                                          

Daily chart   .........Sideways             

Weekly chart ........Sideways  

Monthly chart ...... Sideways   76.64 is the 200 MA

 ATR 1.98                 Overbought 75%

 

Bracket line (red) is resistance, support is near $79.

April Crude Oil for 3/17/10: 

I have been saying for months "What the equities market & the $ does from here, will help or hurt crude oil".                

In my daily numbers on Tuesday; my resistance was .62 from the actual high, my pivot acted as support and was .46 from the actual low. 

Crude Oil: Helpful numbers at best. Selling at resistance levels is again what I want to do, and use a buy stop a few cents above the gap at $83.55 to protect   

Results for 3/16/10 were:

Grains: My soybean resistance was $.03 3/4 from the actual high and my support was $.02 1/2 from the low, and my corn resistance was $.02 from the actual high, and my support was $.04 from the actual low.

Crude Oil: My resistance was 0.62 from the actual high; my support was 0.46 from the actual low.

S&P:      My resistance was 2.25 from the actual high; my support was 1.25 from the actual low.

Gold:     My resistance was 1.00 from the actual high; my support was 4.10 from the actual low. 

Euro:    My resistance was 0.09 from the actual high; my support was 0.23 from the actual low.

Bonds: My resistance was 10 from the actual high; my support was 4.5 from the actual low. 

Nat. Gas: My resistance was .046 from the actual high; my support was .038 from the actual low.   

Cattle:  My resistance was .07 from the actual high; my support was .15 from the actual low.

April Crude Oil for 3/16/10: 

Crude Oil: Spot on numbers. Sell off is no surprise as I said the bracket line was a good location to sell. Now we will see how far down the bears can take it and the chart will tell the result. My numbers tell me where support lies today and I expect one will hold today

Want to know what I think for tomorrow and going forward?

The 9 markets now covered daily are Soybeans, Corn, Crude oil, S&P, Euro FX, 30 yr TBond, Gold, and  Natural Gas and Cattle

My numbers usually are sent at least 12 hours (via your email) in advance of the next day open outcry session. Subscribers use them as best suited to their own needs and sometimes that involves the overnight trade.

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           May Your Next Trade Be The Best                          

                     Howard Tyllas            

   Tel.1-312-573-2699, 1-312-961-4390

Disclaimer:     No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.



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About the author


Currently a member of The Chicago Board of Trade (CBOT) and registered with the Commodity Futures Trading Commission (CFTC) as a floor broker and as a Commodity Trading Advisor (CTA) and a member of the National Futures Association (NFA). I started my career in 1973 on The Chicago Mercantile Exchange trading floor working for a major firm. Three years later I purchased my first membership and began what would become a thirteen-year commitment to trading soybeans for my own account on the trading floor. I began trading options on futures since their inception in Chicago about twenty years ago; doing so, I traded in various pits on the trade floor. 

One of the major lessons that I have learned from all my years of experience is that knowledge is an important condition for the possibility of successful trading. Knowledge gives you a better chance to succeed by eliminating obvious mistakes: with it, you will never find yourself shamefully uttering, “If I only took the time to learn”.  
         
I want to save you from such regrets by teaching you where the danger is, what it looks like, and how to go around it, while still keeping an eye on your destination of success. In short, I will teach you how to combat error with knowledge.
       
My mission is to educate you, giving you my 39 years experience, wisdom, and knowledge from which you will then be able to use and benefit from at will.

I know what will help you make money, and I know what will insure failure. Use my services and prevent, “If I only knew”.  
  

Howard Tyllas

Futures trading involves the substantial risk of loss and may not be suitable for all investors. Past performance does not mean future results.

If you have a question, or comment, email me dailynumbers@futuresflight.com

Visit my website www.futuresflight.com

                                                 

                        

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