In this new (brief) video, I show you how this market is setting itself up for a large move to the upside. I'll also point out that I don't think this is going to happen tomorrow. The video is about two minutes long and I think it will give you a great insight into the past and future of this particular market.
As always, our videos are free to watch and there are no registration requirements. Drop a note in our comments section and let us know what you think.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Crude Oil Trader:
Whenever I try to guess CL's direction, I am proven wrong. So I stay out and only watch the energies, to get an idea about where the other commodities may be heading. It's surprising how much influence CL has - to name two - on soybeans or corn. Lately these grains show surprising strength - let's see, where they take us.
Sugarboy just might have the timing down, but crude in June....maybe!
Good one. For now, range-bound trading for sure, no major trend expected during summer time. However for Q4 I expect some major move, earlier than Adam suggests.