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September Crude Oil Daily Numbers & Trade Ideas for 8/16/10


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This report was sent to subscribers on 8/14/10 8:30 a.m. Chicago time to be used for trading on 8/16/10. Everything is done by Howard Tyllas, no program or black box.

September Crude Oil

After the close recap on 8/16/10: My resistance was 9.69 1/4, .18 from the actual high, and my pivot acted as support and was 9.50 1/4, only .16 from the actual low

Results for 8/16/10 were:

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

Corn:    My resistance was .03 1/2 from the actual high; my support was .00 3/4 from the actual low. 

Crude Oil: My resistance was .18 from the actual high; my support was .16 from the actual low.

S&P:    My resistance was 1.75 from the actual high; my support was 4.25 from the actual low. 

Gold:     My resistance was $4.30 from the actual high; my support was $3.10 from the actual low. 

Euro:    My resistance was .40 from the actual high; my support was .24 from the actual low. 

Bonds: My resistance was 13 from the actual high; my support was 7 from the actual low. 

Nat. Gas: My resistance was .020 from the actual high; my support was .014 from the actual low.   

Cattle:  My resistance was .17 from the actual high; my support was .25 from the actual low. 

Subscribe now! 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?

All charts and numbers for 8/13/10 have already been sent to subscribers. We cannot post every market, if you are interested sign up for free & get "how I use my numbers".

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76.13                               Resistance

--------------75.41        Pivot

74.70                               Support

                         

  

Trend                                                                 

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

Daily chart   ......... Down                    

Weekly chart ........ Sideways   

Monthly chart ...... Sideways   80.93 is the 200 MA

 ATR 2.11                 Extremely Oversold 4%

 

I said "Bracket line near $77 is resistance now, and then the uptrend line that now acts as resistance near $79.60. Notice how downtrend line acted as perfect support on Thursday, this is not coincidence. Bears target the low of July".

September Crude Oil for 8/16/10:

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 crude oil numbers on Friday; my resistance was .49 from the actual high (my pivot was off by .01 in the open outcry session); my support was .31 from the actual low.

Crude Oil: Spot on support and spot on resistance number off .01 in open outcry. Having a bias this time held me back from taking the sell at the pivot which proved to be a good trade idea seeing how the market came $.01 below the pivot and provided the opportunity to take a sell and risk .35 on the idea. Aggressive bears though would have taken it. Extremely oversold now and at a downtrend line that will be pivotal on Monday. I would trade the numbers without bias and risk .35 on the trade idea.

September Crude Oil for 8/13/10:

Crude Oil: Spot on numbers! Trading the numbers without bias was a good idea. We are in extremely oversold condition right now, at the downtrend line which acts as support (what was resistance is now support when the market is above it), and a $7 plunge in a week, makes me want to trade without bias again today risking no more than .40 on a trade idea. I know I do not want to take the sell signal below the pivot with the reasons just outlined, I am not that aggressive

Results for 8/12/10 were:

Soybeans: My resistance was .03 from the actual high; my support was .00 1/2 from the actual low

Corn:    My resistance was .03 3/4 from the actual high; my support was .02 1/2 from the actual low. 

Crude Oil: My resistance was .10 from the actual high; my support was .33 from the actual low.

S&P:    My resistance was 3.00 from the actual high; my support was .50 from the actual low. 

Gold:     My resistance was $3.50 from the actual high; my support was $1.40 from the actual low. 

Euro:    My resistance was .55 from the actual high; my support was .48 from the actual low. 

Bonds: My resistance was 8 from the actual high; my support was 16 from the actual low. 

Nat. Gas: My resistance was .007 from the actual high; my support was .021 from the actual low.   

Cattle:  My resistance was .17 from the actual high; my support was .02 from the actual low. 

September Crude Oil for 8/12/10:

Crude Oil: Spot on numbers! My bearish bias using the numbers produced a good signal to sell, and the support numbers were spot on if used to take a profit of shorts. I would trade the numbers without bias today risking .35 on any trade idea.

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, 1-312-823-9189

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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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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