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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
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  • 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.

    Stocks: OIL, USO, XLE, OILC, XOM
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