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We thought Crude Oil was going to rally, we had very strong technical divergences, BUT... suddenly crude oil reversed from around $17 and headed back towards $10 a barrell. Took us by surprise causing us to make rash decisions and losing out on some great Long trades! Click the video above for a full explanation and my next steps.
Read MoreIt was all going well, my portfolio was up 33% since starting with £5000 only. But today I made one trade that was executed wrongly for a Crude Oil position, which put my account into a margin call, and all my great trades were closed out.Click the video above to see a demo of what happened as I recorded everything so that we can all learn from t...
Read MoreA shocking moment for the world. No investor or trader has ever seen this in his lifetime, WTI Oil for May 2020 Delivery slumped to zero and below as everyone started dumping their trades on fear that they would not find storage due to the oversupply. Watch the video to see how it panned out as I sat there all day watching oil fall.
Read MoreCrude oils recent rally is peaking as the June contract expiry nears. A possible head and shoulders or triangular chart pattern is forming. Lets monitor this for our next big trade.
Read MoreHi All, I wanted to quickly give you an update on what happened to the chart pattern I showed on the previous post. As you can see Oil did head down comfortably, and there was some turbulence around $18 before continuing. However, it has fallen beyond my expectation, I am shocked that WTI spot price could fall as low as $12.40 (as at the time of ta...
Read MoreAnother few days of uncertainty and oil swinging sideways in a narrow range. Creating another inverted penant chart pattern… expect a breakout shortly…. Based on previous analysis, this should be a downward breakout heading towards $17-$18. But I would take caution at those price levels, oil could bounce back almost immediate...
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