Here is a perfect example of why you shouldn't pay too much attention to the news.
One would think that an event like this would cause oil prices to skyrocket, right? Considering that the Gulf is home to major oil refineries, the functionality of these plants would have a direct impact on supply.
The reality of the situation is that crude oil prices plummeted on Monday morning, dropping dramatically below the $100 a barrel price range for the first time this year.
If you haven't watched our trading video "How To Trade From A Desert Island," here is the link. You'll learn that listening to the market is more important than listening to the news.
You may also want to take a look at our "How To Trade Crude Oil In 90 Seconds" video. We have not changed our proven trading approach to this market. We are using the same technique that has shown such stellar returns over the past four quarters.
You can see our returns right here.
There are going to be some great trading opportunities for the balance of the year and particularly in Q4. If you would like to capitalize on the opportunities ahead, I strongly suggest you take our "30 Day Risk Free" trial to MarketClub. I personally use MarketClub to spot big move either up or down in stocks, futures and the forex markets.
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