Mark Your Calendar Here's a Trade that Has Been Right 100% in the Last 9 years.

Loading...
Loading...

Here are some interesting statistic's;


If you had bought Crude (CLK3) 2/17 and sold Crude (CLK3) 3/25 over the last 9 years you would have been right 100% of the time "according to our seasonal trade software" for a gain of roughly $44.30. Back this trade out to 1984 (29 years) you would have 24 winners and 5 losers for a conversion of 82.80% and a gain of $55.02 overall. But before you go out and bet the farm. This is not a guarantee that you will make money this year. But I would consider before you make a bet on either side of the market over the next 30-days. These statistics can show a "Bias" of the market.


Crude Oil has backed off this morning from Friday's attempt to recover in the wake of the storm hitting the northeast. A rising dollar will continue to put pressure on this market but the topping pattern building as well may get longs on their toes. The market has hovered around 95.47 a pivot support through most of the night. A close below last week's low of 95.04 and support at 94.83-94.94 will be bearish and signal the likely turn to 93.50. This market has had a huge run to start the year and a consolidation at these levels will be healthy. We maintain that this market can still remain bullish all the way down to a test of the 200 day moving average just above 92. Watch for pressure on other commodities to carry over into the Crude market. What's the trade? I will buy the first test of $95.00 with a tight stop below $94.80 if the support level holds I will sell around $96.00. If you would like to try our "Actionable Trade Ideas" newsletter go to www.iiTRADER.com Good Luck and Good trading!

Resistance -95.89**97*, 98.22***, 98.75*, 100


Support- 95.47, 94.83-94.95 93.50***, 92.24***

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...