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The June crude oil market rallied every day last week. The market put in higher lows and higher highs on a daily basis after it tested the support trendline (#3 on the chart) last week on Monday morning. Any technical trader would say last week had all of the necessary ingredients for a bull run.
On Monday crude oil was under pressure following unfavorable…
ContinuePosted on May 1, 2012 at 10:39am
Posted on April 4, 2012 at 2:08am
Using 3X ETF $NUGT to Trade Gold and our Momentum Reversal Method
Crude oil [May contract] closed higher on Monday as it consolidated some of last week's decline. The high range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are…
ContinuePosted on April 2, 2012 at 9:16pm
© 2012 Created by Roger Carter.


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