This report was sent to subscribers on 7/10/10 11:00 p.m. Chicago time to be used for trading on 7/12/10. Everything is done by Howard Tyllas, no program or black box.

August Crude Oil

After the close recap on 7/12/10: My pivot acted as resistance and was 76.48, 0.18 from the actual high, and my support was 74.64, just 0.12 from the actual low

Results for 7/12/10 were:

Soybeans: My resistance was .01 from the actual high; my support was 04 3/4 from the actual low.

Corn:    My resistance was .00 3/4 from the actual high; my support was .02 1/2 from the actual low. 

Crude Oil: My resistance was .18 from the actual high; my support was .12 from the actual low.

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

Gold:     My resistance was 1.60 from the actual high; my support was 5.80 from the actual low. 

Euro:    My resistance was .01 from the actual high; my support was .02 from the actual low. 

Bonds: My resistance was 15 from the actual high; my support was 10 from the actual low. 

Nat. Gas: My resistance was .024 from the actual high; my support was .013 from the actual low.   

Cattle:  My resistance was .02 from the actual high; my support was .05 from the actual low. 

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79.94

78.32

--------------76.48      Key Pivot & Downtrend Line

74.64                              Support

Trend

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

Daily chart   ......... Down

Weekly chart ........ Sideways

Monthly chart ...... Sideways   80.32 is the 200 MA

ATR 2.37                 Balanced 60%

Bracket line resistance near the downtrend line is a key pivot on Monday, gap at 74.07 supports. 

August Crude Oil for 7/12/10:

In charting, when a resistance is hurdled it becomes support, and when the support is broken it becomes resistance.

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

In my daily numbers on Friday; my resistance was .35 from the actual high; my pivot acted as support was .45 from the actual low. 

  Crude Oil: Accurate numbers. Selling resistance was a good trade idea and the market responded going down about $1.30. I still want to sell resistance levels and risk the same as before.

August Crude Oil for 7/9/10:

Crude Oil: Accurate support and not helpful resistance. Bulls look like they are going to try and get above the resistance levels close at hand. Bears will be selling against these numbers. I would only risk .40 using a buy stop, trying to sell the market at these levels.

August Crude Oil for 7/8/10:

Crude Oil: Accurate numbers in open outcry, but the support was only good in open outcry. Now that we are getting closer to the bracket line resistance, I want to sell at the resistance and risk $.50 using a buy stop on the trade idea.

August Crude Oil for 7/7/10:

Crude Oil: Accurate numbers. Same thoughts as not being an aggressive seller just above chart support. But I would trade the numbers without bias today, and not risk more than .40 on any given trade idea.

August Crude Oil for 7/5/10:

Crude Oil: Spot on resistance and accurate support numbers. Same thoughts and I would trade the numbers without bias today.

Results for 7/2/10 were:

Soybeans: My resistance was .04 3/4 from the actual high (only .00 1/2 away in open outcry); my support was .01 1/4 from the actual low.

Corn:    My resistance was .01 from the actual high; my support was .00 1/4 from the actual low. 

Crude Oil: My resistance was .06 from the actual high; my support was .43 from the actual low.

S&P:    My resistance was 8.50 from the actual high; my support was 4.75 from the actual low. 

Gold:     My resistance was 0.50 from the actual high; my support was 2.80 from the actual low. 

Euro:    My resistance was .67 from the actual high; my support was .80 from the actual low. 

Bonds: My resistance was 10 from the actual high; my support was 5 from the actual low. 

Nat. Gas: My resistance was .063 from the actual high; my support was .055 from the actual low.   

Cattle:  My resistance was .07 from the actual high; my support was .10 from the actual low. 

August Crude Oil for 7/2/10:

In charting, when a resistance is hurdled it becomes support, and when the support is broken it becomes resistance.

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

In my daily numbers on Thursday; my pivot acted as resistance and was .29 from the actual high; my support was .92 from the actual low. 

 Crude Oil: Spot on resistance and support were helpful at best. My idea to sell just below the bracket line and or pivot was a good one. Today I would trade the numbers without bias since we are getting closer to chart support.

August Crude Oil for 7/1/10:

Crude Oil: Spot on resistance and the supports were helpful. Crisscross of the uptrend line and bracket line at $76.25 will provide good resistance. I want to sell rallies and as long as the market is below the bracket line the next objective is $73. If I sell the pivot I would need to use a buy stop at $76.31 (above the bracket line) to be proven wrong. If the market is near there in open outcry, I would sell that bracket line and use a buy stop at $77.01 to be proven wrong.

August Crude Oil for 6/30/10:

Crude Oil: Spot on numbers! My idea to not hesitate to take profits at $75.17 was spot on considering it was down $3.00 for the day. Bulls also found a spot to buy with minimal risk if wrong. Today I would trade without bias and not risk more than .40 on a given trade idea.

Results for 6/29/10 were:

Soybeans: My resistance was .04 3/4 from the actual high; my support was .01 1/4 from the actual low.

Corn:    My resistance was .01 3/4 from the actual high; my support was .03 from the actual low. 

Crude Oil: My resistance was .11 from the actual high; my support was .04 from the actual low.

S&P:    My resistance was 3.50 from the actual high; my support was 19.75 from the actual low. 

Gold:     My resistance was 4.20 from the actual high; my support was 2.40 from the actual low. 

Euro:    My resistance was .06 from the actual high; my support was .20 from the actual low. 

Bonds: My resistance was 8 from the actual high; my support was 9 from the actual low. 

Nat. Gas: My resistance was .064 from the actual high; my support was .067 from the actual low.   

Cattle:  My resistance was .37 from the actual high; my support was .30 from the actual low. 

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           May Your Next Trade Be The Best                          

                     Howard Tyllas            

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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.