Wednesday, August 19, 2015

It’s Almost Time To Buy Crude Oil Again

It’s been a while since I’ve written about Crude Oil here on the blog. It’s a topic that has been coming up more often recently as prices are hitting levels not seen in over 6 years. Just because something is in the news a lot doesn’t mean it is a market that is worth our participation. In fact, more often than not, if it’s all over the news, you probably either missed it, or you’re too early. We have preferred to stay away from Crude Oil since it broke the uptrend line from the March lows. This occurred in mid-May after a 30% rally in Crude Oil that was sparked from the failed breakdown and bullish momentum divergence that we were pointing to in March. This worked out well the first time around and now I believe we are about to see something similar.  (more)

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