I am about to trade Oil, at this beautiful breakout. Rarely do I see such a perfect opportunity at such a low price for an important commodity like Oil. I'm trading May Call Options for this, expecting oil to hit around $30 per barrel. Follow my live trading on the subsequent updates I will be posting with Live video recordings of my positions.

There is a clear pattern on crude over the last 29 years. The falls are becoming less step creating a descending triangle pattern. Expect oil to bounce back up from the lows close to $30, since oil is not becoming obsolete anytime soon. Upward price movement may be limited to around $60 until we see some dramatic market ch...

Check this chart out, its hourly scale, as I am looking for an entry point to get back into Oil as it recedes back towards low of $20. Given the lacklustre results of the Opec and G20 meetings, it looks like the market is disappointed and oil is heading back towards $18-$20 range. I'd be looking to get into a position at $20. CAUTION: Do be careful...