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How To Buy Gold For $3 An Ounce

Crude Oil, Trade the Market Not the Economy

Commodities / Crude Oil Jan 11, 2009 - 08:23 AM GMT

By: INO

Commodities Best Financial Markets Analysis ArticleWhat do I mean when I say... trade the market and not the economy? It may sound like I'm saying to trade the same thing... but in many cases they're different. The difference is that the market is driven by fear and greed, while the economy is driven by fundamentals. Our "Trade Triangle" technology allows us to analyze the market... leaving the fundamentals and our own emotions at the door. Let's look at some of the major markets and see which direction the trend is headed.


* The equity markets are still in a negative trend.

* Crude oil is still in a negative trend.

* Gold is in an erratic upward trend.

* The dollar is also in an erratic upward trend.

All of these markets are still in entrenched trends and there is no reason to suggest that they will be reversing anytime soon.

I have just finished a short video on crude oil (NYMEX:CL). This market is making moves, which I will tell you all about using the "Trade Triangle" technology which I helped to create.

Video served by INO

We recently received a trading signal in this market which I think is an important one. You will also get a chance to see several of the previous signals that were issued. The video is definitely worth watching for that benefit alone.

The silly season which we talked about in December is rapidly coming to a close. I would expect that the volume and liquidity will return to the markets by the 15th of January. So get ready... cause there is money to be made.

Enjoy the video,

Many thanks,

Adam Hewison
President, INO.com
Co-Creator of MarketClub

By INO.com

INO and Quote Providers furnish quotes and market analysis without responsibility for accuracy and is accepted by the site visitor on the condition that transmission or omissions shall not be made the basis for any claim, demand or cause for action. The information and data was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options..

INO Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Clayton Tom
11 Jan 09, 21:33
Crude Oil

Look at your technicals, Crude is about to give a buy signal..first time it has tried to for a base since July 11th at 147.27/bbl.

I have been trading the long and short side lately.. after trading on the short side for weeks, now is time to go long..but only for quick scalps..still up and down, a little nervous..for sure there is lots of supply out there, but that could change real quickly. Market very capricious..but blink your eye and it will be back in the $50 range again.. They talk about $25.. unless something really drastic happens to the economy.. that is prolonged 5 year bubble popping .. possible.. No one really knows.. All you can do is trade it based on technicals and candlesticks are the most reliable for reversals. Once oil reverses that is the direction it will go like V and inverted. Clay

In fact on your chart, see that nice blue candle stick..that was the temporary bottom.


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