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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • 3 Smart Indicators To Trade Crude Oil With Synergism 0 comments
    Jan 12, 2011 5:39 PM | about stocks: USO

    Now that we have "Silly Season" behind us, it's time to get serious about trading

    In today's video we are looking at crude oil. This market has been a disappointment to a lot of traders as has remained in a broad trading range for the past 18 months.

    The current trading range will eventually be broken and the market will move in the direction of the breakout. While our long-term indicator continues to be positive, the short-term continues to be challenging and weak.

    One of the indicators we discussed in an earlier video is in an oversold condition, indicating a potential rally from current levels could be at hand. That being said we would wait for some other combination of indicators to confirm that a move is underway.


     

    For the past 18 months the best way to trade crude oil has been with the use of an oscillator indicator. The one we're looking at in today's video clearly shows you where the lows and highs are coming in and indicates a potential market bounce from current levels.

    We expect that after such a long period of sideways action, almost 18 months, that the crude oil market will come alive and present some great trading opportunities in Q1 and Q2.

    Click here for Video

     

     

    Stocks: USO
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