Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with a SPECIAL REPORT ON CRUDE OIL for Thursday the 16th of February.
TRADING TIP: DON'T FIGHT THE MARKET … MOVE WITH THE MARKET
The New Bull Market --- it's OIL!!
Today we will use our Trade Triangle Technology and figure out Oil's next big move.
CRUDE OIL (APRIL CONTRACT)
BIG PICTURE: Strong Trend +100
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING: Trading Range (50 to 65) : Emerging Trend (70 to 80) : Strong Trend (85 to 100)
It appears as though the crude oil market is coiling up and getting ready to spring upwards. Here are my 3 main reasons for being bullish on crude oil.
# 1: All our Trade Triangles are green indicating that a very strong trend is in place.
# 2: Crude Oil tends to make major lows every eight or nine months (last major low in October) look at the weekly chart on the video and I'll show you this.
# 3: The Crude Oil market tends to make a major high every 11 or 12 months.
Presently we are about 6 to 7 weeks away from making a major high in Crude. This cyclic pattern, if it persists, should push Crude up and into a new 6 week high in late March or early April. A move and close on Friday over $103.38 should be viewed as very bullish for Crude Oil, indicating sharply higher levels to come in the weeks ahead.
DISCLAIMER: As with any market analysis there are no guarantees. Always use stops to protect capital and never trade with funds that you cannot afford to lose. With our monthly, weekly and daily Trade Triangles all in a positive mode, we expect to see further gains in Crude Oil.
Watch today’s SPECIAL REPORT Crude Oil Video Here.
Suggested Crude Oil Trading Instruments:
Non Leveraged ETF’s: (Long USO) (Short the ETF USO)
Leveraged ETF’s: (Long UCO) (Short DTO)
Futures & Options are available to trade this market. Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
I would like to hear your thoughts on Crude Oil. Please vote and if you wish leave a comment below.
Take care everyone,
President INO.com and co-founder of MarketClub.com
I’ve wanted to do an update on the crude oil market for a few days now, but unfortunately time got away from me. In my new video on crude oil, I update some of the thoughts I had before, but also some important elements that are still in play and could push this market significantly higher.
In this new video I outline the key support zone that I see and also highlight some other technical elements could come into play to push this market higher.
As always our MarketClub videos are free to watch and there is no need to register. Please leave us a comment on the blog and let us know what you think.
All the best,
A Quick Update on the Crude Oil Market
I was just looking at the charts and they are beginning to look very, very bullish. The formation I show you in today's video is a classic continuation pattern to the upside. This pattern also confirms a Fibonacci target number we are looking at.
This video is short and to the point and I think it will get you thinking about this energy market.
Continue reading "Crude Oil ... Going Higher?"
How low can crude oil go?
After trading as high as $73 a barrel, crude oil began to buckle under pressure as the CFTC began to look into position limits that can be held by traders.
In my new video you will see what has happened to crude oil in the last eight days. You'll will also see what I believe will be the area that crude oil will find support.
You can watch this video with my compliments and there is no registration requirements. I would love to get your feedback about this video on our blog.
All the best,
Today we're going to be looking at the crude oil (NYMEX_CL) market. This market has rapidly become the world currency of choice for many countries. What do I mean by that? With the dollar going down in value, it automatically pushes the value of crude oil higher.
I analyze the July electronic contract for crude oil (NYMEX_CLN09.E) using some very simple tools that you can pull into your own trading. I've used our Fibonacci measurement tool as well as a classic chart pattern that has been around for over half a century.
Continue reading "Is crude oil headed for $100 a barrel? New Video"