dbr - 061013 - cl

5/26/2018 DBR - 061013 - CL

1/6

THE DAILY BIASTHE DAILY BIASTHE DAILY BIASTHE DAILY BIAS Monday June 10 - 2013

CRUDE OIL BIAS = Bullish

THE BULLS DIVIDING LINE: 96.78 Targets: 97.52 98.77

THE BEARS DIVIDING LINE: 95.28 Targets: 94.54 93.29

TODAY'S OBSERVATIONS: A test of 94.76 seems likely

Most likely upside target is 96.41 | Most likely downside target is 93.76

ATR: 206 ticks Volume:50 day avg. = 272k / 4 of 5 days this month

5/26/2018 DBR - 061013 - CL

2/6

High 96.39

Low 93.72

Close 96.03 97.03 Open POC

Range 2.67 96.73 Open VAH

R3 99.71 96.41 Open POC

R2 98.05 96.39 VAH

R1 97.04 96.05 POC

PP 95.38 94.73 VAL

S1 94.37 93.10 Open POC 96.78 Targets: 97.52 98.7

S2 92.71 92.48 Open VAL 95.28 Targets: 94.54 93.2

S3 91.70 91.45 Open VAL

High 96.39

Low 93.72 99.16 02/14/13

Close 96.05 97.03 05/20/13

Range 2.67 96.41 05/21/13

R3 100.73 93.10 06/04/13

R2 98.06 90.86 05/01/13

R1 97.05

PP 95.39 97.80 05/08/13

S1 94.38 96.99 05/20/13

S2 92.72 93.76 06/05/13

S3 90.05 93.33 06/04/13

High 96.39

Low 91.26 94.35 10 EMA

Close 96.03 94.35 20 EMA

R3 102.99 94.22 50 EMA

R2 99.69 94.19 100 EMA

R1 97.86 94.75 200 EMA

PP 94.56 93.91 50 SMA

S1 92.73 94.82 100 SMA

S2 89.43 94.10 200 SMA

S3 87.60

High 97.46 95.18 50 EMA

Low 90.40 101.23 200 EMA

Close 91.97 94.14 50 SMA

R3 103.21 99.70 200 SMA

R2 100.34

R1 96.15 97.46 HIgh

PP 93.28 91.26 Low

S1 89.09

S2 86.22 116.39 High

S3 82.03 81.50 Low

TradeOneHourADay.comSimple / Systematic / Stress-Free Trading

MonthlyPivots

Macro Range Fibs

Current Range Fibs

FT-S1 & Daily S1 Pivot & 50.0 Current & 20 Day EMA & 61.8 Daily

Key Economic News Events (EST)

No News Monday

WeeklyPivots

95.18 / 95.09

50 Week EMA & 61.8 Current

94.94 / 94.88 / 94.83 / 94.82

23.6 Daily & MP-S1 & 38.2 Macro & 100 Day SMA

Daily Moving Avgs

Weekly Moving Avgs 94.38 / 94.37 / 94.36 / 94.35 / 94.31

96.03

94.56 / 94.54 / 94.51

Open Gaps

Floor

TraderPivots

The Power PivotsThe Power PivotsThe Power PivotsThe Power Pivots

96.95 / 96.99 / 97.03 / 97.04 / 97.05

200.0 Daily & Open Gap & Open POC & Daily R1 Pivot & FT R1 Pivot

96.73 / 96.78

Open POC's

95.99 / 96.03 / 96.05

141.0 Daily & Settlement & POC

DailyPivo

ts

Crude OilCrude OilCrude OilCrude Oil 06/10/1306/10/1306/10/1306/10/13CL (N) - July 2013 ContractCL (N) - July 2013 ContractCL (N) - July 2013 ContractCL (N) - July 2013 Contract MondayMondayMondayMonday

MARKET PROFILE

The Daily Bias

Bullish A test of 94.76 seems likely

If we trade above:

If we trade below:

Open VAH & D-Line Up

Settlement

161.8 Daily & PSH/PWH & Open POC

200 Day EMA & VAL & 38.2 Daily

Weekly CP & DL-T1D & 50.0 Daily

94.75 / 94.73 / 94.70

78.6 Current & M-R1 & MP-R1

96.33 / 96.39 / 96.41

96.13 / 96.15 / 96.21

5/26/2018 DBR - 061013 - CL

3/6

TradeOneHourADay.com

A Glossary of Terms for

THE DAILY BIAS REPORT

WHAT IS THE DAILY BIAS?

TheDaily Biasrepresents our directional call for the next day of trading, including

the specific target area where the market is likely headed. In addition, we also include overall bullish and bearish dividing lines as well as two

additional bullish and bearish target levels. Once we cross Above or Below the

Dividing Lines, the market will likely head to the Target levels.

WHAT ARE PIVOTS?

Pivots - These numbers are derived from a numerical average of a particular

market's high, low and closing price. Pivot Points are calculated based upon the

Daily, Weekly & Monthly ranges as well as the Floor Trader session. Pivot Points are

used to predict market direction, as support & resistance levels, and as profit

targets.Daily Pivots - are based upon Electronic Trading Hours (ETH) High, Low &

Closing price. Crude Oil & Natural Gas ETH are from 6:00 PM thru 5:15 PM ET the

following day, representing a 23 hour and 15 minute session.Floor Trader Pivots- are based upon Regular Trading Hours(RTH) High, Low &

Closing price. Crude Oil & Natural Gas RTH are from 9:00 AM thru 2:30 PM ET each

day, representing a 5 hour and 30 minute session.

Weekly Pivots- are based upon the High, Low & Closing price from the opening ofelectronic trading on Sunday night thru the close of electronic trading the following

Friday. Weekly Pivots are always based upon the most recent completed week.

Monthly Pivots - are based upon the High, Low & Closing price of the opening

price on the first trading day of each month thru the closing price on the last

trading day of each month. Monthly Pivots are always based on the most recent

completed month.

5/26/2018 DBR - 061013 - CL

4/6


PP- is an acronym for the Pivot Point which is also known as the Central Pivot. This

is the central pivot that traders calculate for market trading. Above this are 3 to 5

resistance points and below are 3 to 5 support levels.R1, R2, R3- These are three resistance levels representing an area at which the

market may struggle to trade above. Because the market cannot move above this

level it is referred to as Resistance. Traders look for areas of Resistance in the

market to place Sell orders to go Short. They also use the Resistance area to placea Target for Long positions.

S1, S2, S3 - These are three support levels representing an area at which the

market may struggle to trade below. Because the market cannot move above this

level it is referred to as Support. Traders look for areas of Support in the market to

place Buy orders to go Long. They also use the Support area to place a Target

for Short positions.

WHAT IS MARKET PROFILE?Market Profile - an intra-day charting technique that seeks to evaluate market

value as it develops in a day time frame. Each day, the market will develop a range

for the day and a value area , which represents an equilibrium point where there

are an equal number of buyers and sellers. In this area, prices never stay

stagnant. They are constantly diverging, and Market Profile records this activity for

traders to interpret.

Value Area - The price range in which approximately 70% of the day's trades

occur.

POC - The Point of Control is where most of the trading activity took place and is

considered to be a fair value or fair market price for the trading day.

Value Area High (VAH) - The VAH is the highest price in the Value Area and is

often used and seen as an area of support or resistance by traders. Traders will

frequently use this area (with other methods and indicators) to enter and exit

trades due to the support/resistance nature of this area.

Value Area Low(VAL) - The VAL is the lowest price in the Value Area and is often

used and seen as an area of support or resistance by traders. Traders will

frequently use this area (with other methods and indicators) to enter and exit

trades due to the support/resistance nature of this area.

Open POC- An Open Point of Control refers to a POC that has not had a trade at

that price since the day that POC was formed. Open POC's are also referred to as a

5/26/2018 DBR - 061013 - CL

5/6


Naked POC's & Virgin POC's. These serve as strong magnets for the market to

pullback to.Open VAH- An Open Value Area High refers to a VAH that has not had a trade at

that price since the day that VAH was formed. These serve as strong magnets for

the market to pullback to, but not as strong as Open POC's.

Open VAL- An Open Value Area Low refers to a VAL that has not had a trade atthat price since the day that VAL was formed. These serve as strong magnets for

the market to pullback to, but not as strong as Open POC's.

WHAT ARE OPEN GAPS?

Open Gap - is a break on a price chart where no trading happened. The most

common definition for a gap is the area between the close of one daily price bar (or

candlestick) and the open of the subsequent one. Like Open POC's, Open Gaps are

strong magnet factors that are often closed in the next few sessions.

MOVING AVERAGES

Moving Averages - These are plotted on our charts using horizontal lines based

upon where each moving average price was at the closing bell of the most recent

session. As such, these moving averages are static (they don't move throughout

the day) as opposed to the more common moving average indicator lines that you

see plotted on charts that are dynamic (they move up and down with the price

action througout the current session).EMA - Exponential Moving Averages reduce the lag by applying more weight to

recent prices.SMA - A Simple Average is formed by computing the average price of a security

equally over a specific number of bars.Daily Moving Avgs- These fixed numbers are updated on our charts each evening

after the closing bell. During the next days session, we observe whether themarket is moving closer or farther away from these key levels of support and

resistance.Weekly Moving Avgs - These fixed numbers are updated after the closing bell

each Friday. We then observe whether the market is moving closer or farther away

the following week.

5/26/2018 DBR - 061013 - CL

6/6


WHAT ARE RANGE FIBS?

Current Range Fibs -Fibonacci (Fib) Range based upon the most observable high

and low off a Weekly chart.

Macro Range Fibs - Fibonacci (Fib) Range based upon the most observable highand low off a Monthly chart.

(For more info on Fibonacci numbers, see our Glossary of Trading Termsunder

Member Resources)

WHAT ARE THE POWER PIVOTS?

The Power Pivots are areas of confluence where two or more factors converge to

provide reinforced areas support and resistance. These factors can be any type of

pivot (Daily, Floor, Weekly, Monthly), moving averages, previous high and lows,

values areas, open gaps or Fibonacci retracements.The Power Pivots provide excellent targets as well as reversal points.

WHAT ARE KEY ECONOMIC NEWS EVENTS?

Key Economic News events occur almost every trading session. These are importanteconomic reports that can often times produce increased volatility and even

unpredictability into the markets. Experienced traders stand aside for at least 5

minutes before these reports are released and up to 5 minutes after.

ADDITIONAL ABBREVIATIONS

CP- Central Pivot

EMA - Exponential Moving Average

KR- Key Resistance

KS- Key Support

MP- Mid Pivot

PMH- Previous Month High

PML- Previous Month Low

PSH- Previous Session High

PSL- Previous Session Low

PWH- Previous Week High

PWL- Previous Week Low

SMA- Simple Moving Average

dbr - 061013 - cl

Documents