New Video: The Talk Of The Day Is Crude Oil

Whether it is the spill in the Gulf, which continues unabated, or talk on Capitol Hill, the subject is crude oil. Today we received a signal by way of our weekly "Trade Triangle" to get long crude oil.

In this new brief video, we show you the exact levels to keep your eye on and also where a logical stop would go for this position. We have had a lot of questions on Fibonacci retracements lately and this video goes into detail about that phenomenon and how you can best use it.

As always our videos are free to watch and there are no registration requirements. We are always interested in your views so please leave us a comment and let us know what you think about the direction of crude oil.

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New video: Are These Markets in Trouble?

The recent run up in the markets and the fact that the markets have exceeded some key Fibonacci retracement levels has lured many investors into believing that this will be a "V" shaped recovery this time around.

For months now we have voiced our concerns that all the major indexes are in the "thin air". This new short video explores that and looks at a key Japanese candlestick formation that could really make a difference and be the first clue in the demise of the Dow.

We also want to share with you a specific number to look for in February. Should this level be broken, then it will signal a major reversal to the downside for the Dow.

Just click here to watch the new video and as always our videos are free to watch and there is no need to sign up or register to watch them. Please take a minute to leave a comment and let us know what you think.


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Crude Oil Bulls Still Have Near Term Advantage

July crude oil closed up $0.15 at $68.73 a barrel today. Prices closed near the session high and hit another fresh 6 1/2 month high today. Crude oil bulls have the solid near term technical advantage. The "money game" in the commodity markets continues, whereby funds are flowing into commodities with crude oil leading the way. A six week old uptrend is in place on the daily bar chart.

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July natural gas closed down 11.0 cents at $4.139 today. Prices closed nearer the session low today. The key "outside markets" were mixed for the natural gas futures market today, as the U.S. stock indexes were steady higher, crude oil prices were steady lower and the U.S. dollar was lower. Bears still have the near term technical advantage. However, the bulls have gained some momentum recently.

Today’s Stock Market Club Trading Triangles

The September U.S. dollar index closed down 78 points at 78.83 today. Prices closed near the session low and hit another fresh eight month low today. Prices are still in an 11 week old downtrend on the daily bar chart. Bears still have the solid near term technical advantage.

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