Commodities | Jan 31 2011
FNArena has added another video to its Investors Education section on the website.
ATW's Jerry Simmons highlights crude oil has landed in a key directional price zone. Breaking out of this zone will determine where prices will move to next. Total duration of this educational video is 43 minutes.
Summary
In this video, Jerry Simmons, Lead Mentor and Co-Founder of the Advanced Trading Workshop, Inc. (“ATW”), New York, analyses the current crude oil market, provides three targets for a possible downside move and three targets for a possible upside move; depending on in which direction the key zone of 87.50 – 88.20 breaks. 30 minutes into the video, Jerry Simmons outlines a possible trade with a sensational 10:1 profit/loss ratio on just 15 ticks risk.
Comments
Crude Oil (CL) is re-testing critical support at the $87.50 – $88.20 area. It has been testing and re-testing this area for the past two weeks. If CL breaks this support level, this could foreshadow a more general downturn in the markets in general.
However, should CL hold the US$87.50 – US$88.20 area, and should we get a confirmed break-out (B/O) beyond that level, that would significantly increase the chance of a move back up to the US$91 price level and even beyond that to new highs. A B/O to the upside would require the price rising to above US$88.80 by 30 to 40 ticks (“aggressive reversal confirmation”); or US$89.20 – US$89.50 (“primary, or conservative, reversal confirmation”).
If the level of US$87.50 – US$88.20 does not hold, then the downside targets are:
1. US$84.00 – US$84.50
2. US$80.00 – US$81.00
To view the ATW Strategic Prep Video (originally from November 29, 2010) titled "Analysis CL" click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link to the section: https://www.fnarena.com/index2.cfm?type=dsp_front_videos
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme within the education system at New York based Advanced Trading Workshop (ATW). ATW recently set up shop in Australia through the establishment of ATW Australia (since mid-2010).
FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section at https://www.fnarena.com/index2.cfm?type=dsp_minc_education)
About ATW Australia
Founded in June 2010, ATW Australia is a “one-stop-shop for all a trader needs to succeed”: quality education for new traders, superb advanced trading education, fast unfiltered data, a world-leading trading platform, customer oriented competitive brokerage, quality ‘Made in the USA’ specialized trading computers, trading magazines, and the all-important psychological mentoring and coaching for traders. The trading educational products are provided by the Advanced Trading Workshop, Inc. in New York, all other services are provided by a network of partners that were chosen based on their superior products and services in their specific field of expertise. FNArena is one such partner.
To learn more visit www.advancedtradingworkshop.com.au.