The crude oil market broke through an important support zone and appears to be very much on the defensive. In this new short video on crude oil, I point out some of the levels that I still think are important in this market and illustrate just how important it is to use both stops and our "Trade Triangle" technology.
It is a short video and there is no charge or registration requirement in order to view.
If you have comments on this video, please visit our blog to share them with us.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
I'm long July oil @71.54
The time to be short was when oil was 85$ barrel. It's time to COVER.
Will,
I agree.
Thanks for your comment.
Adam
It wld be helpful to include Futures continuous contracts, using every month, with Pit and Electronic combined data. Individual months are better analyzed after first doing the continuous data from my experience. Too, Cash and Futures represent more the direct, real ongoing activity of the entities than say ETF's.
Thank you.