Activity Record Crude 9/17

 
 

Market:_____Crude_________________                                         Date:______9/17__________

Attempted Direction:                                Buyer                                      Seller

1. Rotation Factor (       -10       )                                                                        X
2. Range Extension                                          X                                                 X
3. Tails                                                             X
4. Buy/Selling Composite                                                                                     X
5. Opening Type  (Open In range, open auction)
6. Day Type             (Neutral extreme)

Overall Attempted Direction:                     Higher               Lower           Neutral

Comments: Our expectations going into the day was a balanced two timeframe trade that would most likely be contanted by Fridays trading. Our line in the sand to the down was the spike high from the QE3 anouncement on Thursday (98.79). Once we blew right through Fridays low & the spike high from Thursday we knew something was up.  We made it down to our big clvn at 95.15ish before we found support, in hindsight this just looks like a big long liquidation break as the market had probably become to long & higher prices were failing to bring in new buying activity, also our vpoc was still inside of yday IB.

Directional Performance:
1. Volume:     154k
Daily:                       (                      154k                        )           Higher           Lower            Unchanged
Auction Average:   (                        117k                     )          Higher          Lower             Unchanged
2. Value-Area Placement
Higher                       OL/High              Lower           OL/Low                  Unchgd
3.  Value-Area Width:                 Wider              Average                    Narrower
Comments:  Because we view yday move as simply the market having gotten to long, short term, & long liquidation taking place (not new OTF sellers) We will be looking to buy early morning dips. Look back in our prev balance area from 8/16-9/13 for places to do business. Our crude composite has been posted to charthub.com