Petróleo entre tensões geopolíticas e oferta excessiva. O que pesará mais?

[Dwer]

Today's Market Force: Bearish on flat to higher openings and early price rises. Look for market to sell off today.

Trade Setup Summary for Thursday, March 4, 2004:
The BreakDown hit today and several TB sell 3rd level up sell setups.

I was traveling Thursday and not in the live action so I will not list the setups. More tomorrow in this game of perpetual motion.

Recap of Thursday's Action:
Good Morning and thank you for joining with us today.

I was traveling most of the day on Thursday and just getting back in late to my home base station.

I am not going to report on any of the setups as I was not there in the live action on Thursday. We can see that the first Hour One pivot hit was the BreakDown again and the prices pushed higher.

We were looking for a large move on one side or the other and that surprisingly did not occur. In fact it was one of the slowest range days seen in some time.

We are expecting more action for Friday. Here are the setups.

Today's Call & Briefing:
We want to stay on the sell side for today ideally with a higher opening (or flat) and an early push higher in prices. This would aid the Bearish Market Force.

Look for early Trailblazer setups at the Sell Pivot target +4.25 at 1160.50 or lower and look for a strong pullback. If one occurs in the first hour then look to take profits and wait for the first hour to transpire to get on board a second trade at the Hour One pivot.

If they open lower and run lower first then we will probably have another lower range, quiet day as prices find support and slowly grind towards the middle of the range at the close.

With the election campaign heating up I am hopeful we will get some more of the volatility that is on the rise.

Value Area: 1,150.40 - 1,153.80
We are holding above this and that is a bullish sign as prices attempt to rise in an aberration on the Sell Mode but can't seem to really get any punch in any direction.

With our Bearish Market Force today look for prices to fall back to the lower side again creating more confusion.

There are too many bulls right now and that is part of the equation for lower prices to come today.

Buy Pivot Target: 1,150.75 - 1,151.75
No trade at this pivot. Watch for support now at 1146.50 to come in.

Sell Pivot Target: 1,156.25 - 1,155.25
We can go short on any early Trailblazer formations above this 1156 area and hold short for a move down to the 1150 area again to cover.

If this does NOT occur than wait for the first hour to transpire before making any trades.

10 Day "Pit Bull" Moving Average: 1,146.20
Keep buying drops above this number. We have perpetually remained within the Crossover range of 10 points the last several weeks.

We can simply just continue to play the ranges using our various numbers combined with Trailblazer setups.

Pro Trader's Action
Getting in late tonite so I am just giving you the precision summary of what to look for today. We are still expecting volatility to the downside and want to focus on that for today's trades.

We may go quiet again today if we get a fast, lower drop EARLY and gradually rise to settle in the middle of the range.

Good luck today and I'll see you in the action.

All the best of success, Mohan