What do Duck Dynasty and Market Forecasting have to do with each other?

What’s Up Traders!

Hey, I once got handed down underwear and a paperclip for Christmas, and it was a great gift. - Si

“Hey, I once got handed down underwear and a paperclip for Christmas, and it was a great gift.” – Si

 

I was thinking about the crude oil market and it seems to be setting up a nice drop into year end at present.

But first … have you seen Duck Dynasty!  What a Hoot!!  You never know what Uncle Si is going to say next.

I have a target of 81.81 on the CL market right now and I am positioned for a move down now.  I believe it will finally break out of this trading range and come on down.

Crude Oil Daily Chart:  December 12th, 2012

Hey, what do we have to fear the world is ending in a couple of days anyway … 🙂  Oh, wrong point will be above the high of today’s trading or 87.68 … you want a closer stop try 86.93.

 

God Bless and Good Trading,

David ‘Tiger’ Knight

P.S. We can rejoice too, when we run into problems and trials, for we know that they help us develop endurance.  – Romans 5:3 NLT

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.