Oil is the swing trader’s surf paradise

Oil was for the last two month in a swinging mode. It swung smoothly, which is important for a swing trader. Look at the daily chart below and imagine how you ride the black and shining waves…

Either one needs a fine trend for a successful trade or a fine swing. Essentially oil was volatile with smooth swings and trends for the last years.

So, currently it is something for the swing trend trader.

For trading oil without having to go to the futures markets, there are ETFs, e.g., OIL or as a convenient alternative a CFD broker that allows trading of oil CFDs.

The trading itself like finding the right entries and exits could be done with the famous PipDaq system.