MarketClub Reviews Crude Oil

What is Crude Oil Doing?

14 October, 2009

Traditionally the crude market takes a dive this time of year. However the indications on the “Trade Triangles” are all pointing to green. That effectively indicates that there are some strong trends in place and the chances are that the market will go higher.

This trading video uses the “Trade Triangles” and the Fibonnaci tool. What the latter does is show the possible and unseasonable highs that crude could reach.

Professional traders are looking for crude to break the $75 mark and if it does it could go even higher. If that does work out it will not be good for the economy of course but there will be some profitable opportunities.

If you are trading in this market be sure to manage your trades with stops as there are no guarantees where this will go.

As always, no sign up or registration is necessary to watch the trading video.

Successful trading to you

Tom.