What is interesting about crude oil is the fact that seasonally, it should be going down. However, the market appears to be doing just the opposite. We have written about this before and when something is supposed to happen and the opposite occurs, it's time to pay attention.
What was also interesting in crude oil is the fact that all of our "Trade Triangles" are all green giving a perfect 100% Chart Analysis score. This indicates that there are some strong trends in place and the odds are that the market should go higher. However, this is not a guarantee and all trades should be managed with stops.
In my new short video, I show some levels that crude oil could potentially go to. I also indicate a key level that many professional traders are watching and if this level is broken, it will certainly be a game changer.
This video is free to view and there are no registration requirements. The one request we have is that you comment on our blog about your thoughts on crude oil.
All the best,
President of INO.com
Co-creator of MarketClub.com