41 thoughts on “ALERT: Weekly Trade Triangle Buy Signal For Crude Oil”

  1. I agree with Debbie from the 14th Oct. "green shoots", catchy phrase! Whatever the talking heads have, I hope I don't get it!!! I am an oil and gas investor however. True, there's lots of correction talk and I'm sure it will happen at some point. What I find interesting is the fact that there's $10 trillion USD on the side line, waiting. Waiting for what? The makets have sent a pretty clear message. I can only assume this money is feeling absolutely snake bitten! Most investors miss out on the initial 20% of a move, but we're coming up on three times that advance. My concern is the pace at which O&G are moving. To me, if we go parabolic, that could set up for a top. Debbie's feelings could then be well founded!

  3. I'm a little spook with the market direction and the ongoing green shoots i see with the talking heads at cnbc, i think when EVERYONE is bullish on the market it is time to take a pause and start trimming your positions. I don't believe the oil move Adam, I think there is something wrong someplace, not saying you, just saying in general, I'm getting the same feeling now I got when the stock market took a dive.

  4. Hi ADAM
    Thanks your feedback i like very much and i learn and understand where is going Mr crude oil and what Mr crude want.
    Can you sand me alert for the daily/Weekly/monthly Trade Triangle Buy Signal or sell signal time to time ?

    again thanks so much.

    REGARDS

    BILAL

  5. I owned DXO until about a month ago when my broker notified me it was being liquidated and I received its net asset value three days later. I bought a rather large position on Christmas eve 2008 at $1.78 and was forced out at liquidation and got around $4.50 a share. Is there any chance that the same thing could happen to USO? I hear and read the government is "going after" ETFs/ETNs like USO, is there any truth to that? I enjoy your videos tremendously. You talk often about oil and was wondering if you had any plans to do a video on Natural Gas?
    Thank you Adam. You have made some [actually a lot] of incredibly accurate calls about the markets and commodities.

  6. Adam:

    I left a comment about your $60 target on oil but you did not reply. I may have misunderstood and I am trying to figure this thing out.

  7. Adam, I don't know if you can comment on this story but "The Bam Investors" is predicting a market crash within 2 to 5 months and oil to go to 36 PB, can you comment on this?

    1. Debbie,

      Thank you for your comment. No I did not see the story nor do I necessarily agree with the direction.

      Please see today's video on crude oil for my latest thoughts.

      Thank you,
      Adam

  8. Can we play "what if"...???

    Let's say if you were paper trading "xyz"(USO) and have entered the market long...would you place your initial stop at the tightest resistance (35.39) or at the deepest most recent low (<34.00)...???

    Or would you risk being naked without a stop and use the TT's to tell you when to exit out of the trade...???

  9. Willow,

    Thank you for your feedback. If you are not already a MarketClub member I strongly suggest you take a 30 day risk free trial. There are lots of info for members that explain out philosophy and trading style.

    I cannot do it justice in a short reply.

    Thanks,

    Adam

  10. 1. Do you suggest that we should go long now, or should we wait till
    a trend is established?
    2. I see that corn has triggered a monthly green triangle. If monthly triangles are even stronger indications than the weekly, do you think that we should open a position in corn? If yes, can you suggest the respective ETF?

    1. Daniil,

      Thanks for you feedback.

      I cannot give you specific advice on a market. What I can say is follow the Trade Triangles be diversified and above all be disiplined. I think you will be happy with the results.

      All the best,
      Adam

  11. AM A SMALL TRADER IN MUMBAI, INDIA AND NEVER MISS UR COMMENTS AND FORECASTE. I AM SHORT IN CRUDE AT RS. 3360 LEVEL. U CAN GUIDE ME IN FOREX MARKET. THANKX.

  12. Hello,

    Adam, I am trying very hard to understand Market Club, but I am a novice.
    Please can you set up a scenario as how to trade?
    Maybe, you can choose a stock and teach me how to follow the Monthly and Weekly trangles.
    IF MY ALERT SINGLES A WEEKLY GREEN TRIANGLE, MUST I BUY THAT VERY MOMENT OR WAIT A FEW DAYS?

    I am not doing very well. I do not have a large portfolio.

    Thank You,
    Willow

  14. Interesting - There are three trade advisor which I read gave long on crude today. My gut says it will go down tomorrow, so many folks can not be right. Here are other sign -

    a) It is reaching overbought at Triangle breakout point for "uso" and previous high for $WTIC
    b) uso closed at low of day
    c) It should gap down tomorrow and than we will see how it behaves

    Good luck all

    1. Hello Kanki,

      Yes. USO did gap down today but the RSI is at 58.84. So still some room to go before getting into overbought territory.

      I generally place buy stop orders 6 cents above the previous days's high. Will know tomorrow if it gets hit.

      Regards,
      Trikaal

  15. I own Penn West (PWE), a Canadian Oil Gas Trust. it pays a nice dividend (9-10%). Pengrowth (PGH) just cut their dividend but it's not bad - they're setting up for 2011 when the tax status for Canadian Trusts changes. Peyto (PEYUF) is another Canadian Trusts for Nat Gas (not well known; less movement). As always, due diligence is required before buying, and Canadian exchange must be considered in dividend payments. Also PGH has a depreciation tax schedule that needs to be addressed, unlike PWE. Hope this is helpful.

  16. Thank you Adam, but can you give us a new video to update us on the crude oil chart (weekly chart) if possible

    Thank you

  17. Always nice to have a second opinion. I've been think about crude, gold and the USD, since your videos on the three. I see it bullish for crude and gold while I expect the USD to fall to to approx $0.745. At which time we could get the correction many have been talking of. Personally, I would welcome it. Yes I am invested but hedging on being all in. Thanks Adam for including me in your alert.

  18. you guys dont show post that are nt fully supporting your calls and you shldnt be biased cos you cant have all the right calls all the time but you must learn to also respect others views.

  19. Adam

    your last video on crude oil was test the possible $60 level I guess that is not the case and do you have a target for the next level.

    1. Scott,

      Thanks for your feedback.

      You can trade futures, options on futures, and ETFs that track crude oil. One of the most popular is United States Oil, symbol USO.

      All the best,

      Adam

  23. thanks for the call i wld keep an eye on for that but there is also a signal to go short on a daily close below 73.60 from my own squawk box!

  25. Adam: Just curious but why did the alert for the Weekly Trade Triangle Buy Signal for SPY not appear? It showed up on the Chart but no alert.

    1. Vince,

      It was time restraint. I am working on a big project for MarketClub members and my time is very limited.

      Thanks,

      Adam

  27. Thank you for the alert today for crude oil. This type of alert is very much appreciated.

  28. I had follow up to my previous question on trading Crude Oil ETFs. Should I use the weekly or monthly for entry?

    Thanks,
    Trikaal

    1. Trikaal,

      Use the monthly for trend and the weekly for timing. When a new monthly signal comes in to reverse a trend ... go with it.

      All the best,

      Adam

      1. Thanks Adam. I see that the weekly triggred on USO also and with that all 3 TT are now green.

        I also found this ETF which follow crude oil:

        POWERSHARES DB CRUDE OIL LONG IND VALUE (NYSE:OLO.IV)

        which also triggred a weekly green.

        Strangely even though USO showed up when I searched for weekly green TT but OLO did not.

        Thanks,
        Trikaal

  29. Hello,

    I don't trade commodities. Can you suggest equites/ETFs which follow crude oil.

    Thanks,
    Trikaal

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