A Free Week of Commodity Analysis For You

May 13, 2017: 12:19 PM CST

EWI opened their doors for you to try their strategy and analysis planning for 18 commodity markets!

From May 10th to the 17th, you’ll have full access to their “Commodities Now” Membership service:

What if you could see new opportunities that only a handful of investors know about?

After a long bear market, today is a “ground-floor opportunity” for many commodities that may not be on your radar (yet).

On May 10-17, get on the “insider track” when you join EWI’s free event for commodity investors and traders.

Thanks to the EWI Team for making this opportunity available to the trading community!

Corey Continue Reading…

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A New Trading Range Beneath the High May 12

May 12, 2017: 1:18 PM CST

The market can’t seem to break cleanly from this new sideways trading range beneath the high.

Here’s today’s updated Emini (@ES) trading levels for your trades:

We do have new Fibonacci Retracement levels but the market appears to be building a more specific range just beneath 2,380 and 2,390.

Those are simple reference levels you can see above with the yellow highlight.

Buyers and sellers poked price beyond this range but it keeps pulling back to the midpoint like a magnet.

That’s where we are, that’s what we’re trading.  Frame your trades within this new range-level context.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

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A Quick Emini Collapse to Support May 11

May 11, 2017: 10:38 AM CST

Well that was fast! Price collapsed from the 2,340 target to our 2,380 downside target this morning – and bounced.

Here’s today’s updated Emini (@ES) trading levels for your trades:

In the membership we were ready to trade aggressively short if price broke the 2,390 support shelf… and price collapsed faster than expected.

However, we did see price touch and reverse sharply up away from our known target, putting us back within the range.

Continue playing the bounces between these levels as you frame your intraday trades.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Continue Reading…

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Crude Oil Finally Snaps Intraday Downtrend with Breakout

May 10, 2017: 12:18 PM CST

After a horrid intraday downtrend collapsed price from $54.00 to $45.00 per barrel, Crude Oil finally snapped the downtrend with an impulsive breakout today.

Here’s the progression and target levels:

In the weekly membership, we had a sell-signal opportunity with negative divergences into the $54.00 target.

From there, price fell toward our $50.00 target and then beneath that as the downtrend accelerated toward $45.00.

Positive divergences and a momentum kick-off on May 5th set the stage for a possible early reversal.

We’re seeing confirmation of that reversal this morning with a breakout beyond $47.00 which reflects two (similar) falling trendlines and the 23.60% Fibonacci Level.

From here, look for a push at least toward $48.50 which is the 38.2% Fibonacci Retracement Level along with a prior price low.

We’ll tilt bullishly on Crude Oil (short-term/intraday) while price is above the $47.00 key pivot.

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT Continue Reading…

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Emini Remains at the Highs for May 10 Morning Plan

May 10, 2017: 12:01 PM CST

To the highs!  Then back away from them. Then back to the highs!!  Then back away from them.  Oh well.

Here’s today’s updated Emini (@ES) trading levels for your trades:

Friday gave us a big bullish breakout of the short-term (highlighted) trading range above the 2,380 support pivot.

Yesterday gave us a pullback to retest the breakout at the 2,390 level with price gapping back to the high,

Then price pulled back as would be logical toward the 2,390 “breakout” support level.

Price is trading between simple levels – like 2,380, 2,390, and 2,400 – so keep these in focus as you continue to play the “toward” and “away from” style of game planning.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Continue Reading…

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