Smart traders pay attention to this number…

Smart traders pay attention to this number…

Dear Trader, Happy Monday! I hope everyone had a great weekend.   Today is a new day, the start of a new week and a new opportunity for you to take steps closer to achieving your goals.   Just remember what Jim Rohn said: "If you are not willing to risk the usual, you will have to settle for the ordinary." In this issue of the Big Energy Profits newsletter you'll uncover: Hurricane Delta's Impact on US Oil Production How to Change Your Attitude And Prime Yourself for More Winning Trades The #1 Most Profitable Number All Traders Should Know Please enjoy, and have a blessed and profitable day! Crude News Will Oil Prices Break Out Of Their Range? U.S. West Texas Intermediate traded lower on Friday after giving back earlier gains.  Some traders are saying the markets are taking a breather from the nearly 10% run-up last week, but we could be looking at profit-taking related to an easing of concerns over Hurricane Delta as it makes its way toward oil production facilities near the Louisiana coast. Week-Long Price Surge Driven by Norwegian Strike Oil prices are easing early Friday in a breather at the end of a week of big gains propelled by a strike in Norway that raised the prospect of supply from the major producer being slashed by up to 25%. Norwegian oil company and labor officials said they will meet a state-appointed mediator on Friday in an attempt both sides hope will bring an end to a strike that threatens to strip out about a quarter of the country's oil and gas output. Output Halted by Hurricane Delta Traders are also bracing for the impact on U.S. production of Hurricane Delta, forecast to strike the Gulf Coast within hours. Nearly 1.5 million barrels of daily output has been halted so far. This has now become a short-term event.  Traders will be watching closely for any damage that could knock the platforms out for several days or weeks.  Otherwise, companies will start implementing plans to restart production once the hurricane has safely passed. 7 Habits for Success in Trading Habit #7: Have an attitude of gratitude! Live. Laugh. Love. If those three words make you roll your eyes, that's understandable. It sounds hokey and corny. But whoever came up with that simple philosophy is on to something and has inspired millions of people to practice an attitude of gratitude In fact, it's necessary for winning traders to have a positive attitude. Even through the blood, sweat, and tears. And it's one mental habit you must master. Click Here to Discover How You Can Master this Skill and Unlock Your Full Potential as a Successful Trader Smart traders pay attention to this number… What's the most important number to consider when trading? Hint: it's not the price per share. If you ask the smart money traders, the guys who actually consistently turn a profit, volume is the single most important figure to consider when making a trade. And yet most traders don't understand this number… Which is why most traders fail in the long run. Be better than the many traders who fail. Learn what volume is and why it matters — it can clue you in on the stocks most likely to see price spikes… And show you the way to major profit opportunities. Click Here to Discover How You Can Use the Volume Number to Earn Consistent Profits! Weekly Analysis  Bullish Scenario A trade through the $42.00 price area will likely indicate the presence of buyers.  This will change the minor trend to bullish and shift momentum to the upside.  This is likely to trigger a price surge into the mid $42.00 price area. This could create the upside momentum needed to challenge the main top at the mid $44.00 price area. A trade through that price area would likely signal a resumption of the main trend after six weeks of sideways-to-lower price action. This could lead to a test of the main price area at the mid $46.00 level. Bearish Scenario The inability to overcome the $42.00 price area will signal the presence of sellers.  This will indicate that sellers are defending the retracement zone at the mid $42.00 to mid $46.00 level and the main top at the mid $44.00 price area. The first downside target is a minor pivot at the mid $39.00 price area. If this price fails as support then look for the selling to possibly extend into the minor bottom at the $37.00 price area.  If that level fails as support then look for a break into the short-term support zone at the $35.00 to mid $32.00 price area. Anthony Speciale Jr Editor & Chief Investment Strategist, Big Energy Profits Hawkeye Traders team1@hawkeyetraders.com hawkeyetraders.com Call us: (888) 233-8598 DISCLAIMER: * Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, and forex markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, stocks or forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Past performance of indicators or methodology are not necessarily indicative of future results. CFTC Regulation 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. We'll always treat your personal information with the utmost care and will never sell it to third parties. 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