Yesterday’s stats: Powered by Pivot Points: Market Profile Chart Daily Candlestick Chart What do the Candlestick charts say? What does the Market Profile Chart say? Pros: • Stop above recent swing high. • Good Risk Reward • Selling Top of short term consolidation. Cons: • Counter to yesterdays reversal • NFP may increase volatility Short term sideways consolidation. Marabuzo support at 111.39 TRADE IDEA: SELL 112.75 STOP 113.45 Target 1 111.50 Target 2 110.35 Brent Crude Futures 5 th October 2012 Market Profile Chart Daily Candlestick Chart Yesterdays action squeezed the shorts with the move accelerating from 110.77. Open 108.20 High 112.69 Low 108.02 Close 112.28 Change 3.77% 10DMA 111.04 20DMA 112.13 50DMA 111.45 R3 118.64 R2 115.67 R1 113.97 PP 111.00 S1 109.30 S2 106.33 S3 104.63
