Posted by maggi3322 on 15th of Sep 2008 at 10:54 pm
could you post your chart on uso? I charted the retracement on
both daily and weekly and they come back closer to 71.70. Maybe I'm
doing something wrong
Posted by treid4dou on 16th of Sep 2008 at 12:19 am
maggi- trying to be helpful....maybe i am confusing
you......the 74.60 was a July 2006 peak price. Your low could be
the one.....mine...at 47.39...is the low of a triangle.....in fact
a double bottom around may june 07. Took that for a
sort of ending triangle configuration....but ...your estimated
71.70.....could also play.....lets see....but 74.60 will also play
....may not be the last low...though.....
Posted by treid4dou on 16th of Sep 2008 at 08:49 am
i made a wrong date post for the price peak i mentioned to
you.....it was in 2006 ...not 2007......so i was making the
confusion..... not you.....never mind...its already below
that price...(USO).
Crude oil down another 2.5
Posted by matt on 15th of Sep 2008 at 10:26 pm
Crude oil down another 2.5 after hrs to 92!
Matt, on the wtic chart
Posted by maggi3322 on 15th of Sep 2008 at 10:36 pm
Matt, on the wtic chart it looks like support is more around the 80's area, is that correct?
USO 75 is exact 61.8
Posted by treid4dou on 15th of Sep 2008 at 10:34 pm
USO 75 is exact 61.8 % retracement....and could coincide with your Oil retracement chart.....
could you post your chart
Posted by maggi3322 on 15th of Sep 2008 at 10:54 pm
could you post your chart on uso? I charted the retracement on both daily and weekly and they come back closer to 71.70. Maybe I'm doing something wrong
maggi- you maybe took 42.56
Posted by treid4dou on 15th of Sep 2008 at 11:30 pm
maggi- you maybe took 42.56 as the low....in which case ....your projected 61.8% retrace is then around 71.70/80......
yes, used 42.56 low, should
Posted by maggi3322 on 15th of Sep 2008 at 11:48 pm
yes, used 42.56 low, should I have used the 74.60 peak? not that familiar with retracement tool
no, that wouldn't be correct,
Posted by maggi3322 on 15th of Sep 2008 at 11:54 pm
no, that wouldn't be correct, where did you get the 47.39 low?
Also.....a 74.60 peak price was
Posted by treid4dou on 15th of Sep 2008 at 11:10 pm
Also.....a 74.60 peak price was made in July 07.....in USO
maggi- trying to be helpful....maybe
Posted by treid4dou on 16th of Sep 2008 at 12:19 am
maggi- trying to be helpful....maybe i am confusing you......the 74.60 was a July 2006 peak price. Your low could be the one.....mine...at 47.39...is the low of a triangle.....in fact a double bottom around may june 07. Took that for a sort of ending triangle configuration....but ...your estimated 71.70.....could also play.....lets see....but 74.60 will also play ....may not be the last low...though.....
what? do I sound confused,
Posted by maggi3322 on 16th of Sep 2008 at 01:10 am
what? do I sound confused, lol. Yes, we'll see how it trades, thanks.
i made a wrong date
Posted by treid4dou on 16th of Sep 2008 at 08:49 am
i made a wrong date post for the price peak i mentioned to you.....it was in 2006 ...not 2007......so i was making the confusion..... not you.....never mind...its already below that price...(USO).
Dont know how to post
Posted by treid4dou on 15th of Sep 2008 at 11:07 pm
Dont know how to post the chart. I give you the prices: High: 119.17....Low: 47.39. Difference: 71.78 x 0.618= 44.36........119.17-44.36= 74.81.
maybe I should just do
Posted by maggi3322 on 15th of Sep 2008 at 11:45 pm
maybe I should just do the math, retracement tool not as accurate as you
that is for USO.....not Oil......careful
Posted by treid4dou on 15th of Sep 2008 at 11:08 pm
that is for USO.....not Oil......careful
crude
Posted by gift1999 on 15th of Sep 2008 at 10:29 pm
matt,
i guess that brings us close to the support level 90$ you were referring to
Support is $85, not $90
Posted by matt on 15th of Sep 2008 at 10:34 pm
Support is $85, not $90 - you will see this in tonights update, here's a chart
lol, never mind
Posted by maggi3322 on 15th of Sep 2008 at 10:36 pm
lol, never mind