While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
As seen on this point & figure, price action under today’s low should lead to new lows in Crude.
47.30 is resistance, with sustained price action over 47.50 positive.
March WTI…Sets up slightly different
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For Glossary of terms and abbreviations click here.
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