Seeking Alpha

Option Milliona...'s  Instablog

Option Millionaires
Send Message
Option Millionaires was started in February 2008 to provide traders with information about option trading. Led by three career option traders, whose pseudonyms are JimmyBob, UraniumPintoBeans, and Vantillian, they started one of the most popular option trading communities on the web. Now, Option... More
My company:
Option Millionaires
My blog:
Daily Read
  • Crude Oil Momentum Warns Of Coming Upward Reversal (Video) 0 comments
    Nov 20, 2012 4:41 PM | about stocks: OIL, USO, XLE, OILC, XOM

    By Chris Diodato - OptionMillionaires.com

    Today's price action in oil was not surprising. It was a 61.8% retracement of the past ten day's up move. That's great, but does it continue lower, or start a new up trend? As I watch the internals, momentum is beginning to show that a bullish reversal may be in the works. Will there actually be peace in the Middle East come a month from today? Take a look at this YouTube video (clickable) to see the analysis on my computer screen.

    Happy trading!

    ~Chris Diodato

    Disclosure: I am long XLE.

Back To Option Millionaires' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.