Crude has been all over the place in 2010, making it hard to establish a solid trend. Adam Hewison of MarketClub has just put together a video featuring two indicators (Parablolic SAR and Willams %R) that make analyzing this market a lot less stressful!As always his videos are free to watch and there are no registration requirements.
In today's short video he examines the fact that crude oil briefly traded over $90 a barrel before falling back. So what made the crude oil market reverse course and fall back? Was it selling, was it profit taking, a technical point, or something else? He examines crude oil in detail using a tool that he thinks is very appropriate for this type of market at the moment.
If you have a few minutes and you'd like to learn about this new/old technical indicator that has generally been overlooked by many traders, you will find this video very interesting. This 30 year old indicator has proven to be very effective in this year's crude oil market so you don't want to miss this video.