System
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 […]
Swing scalping the next oil wave
Since about one year oil is on the run. It ran down! Now it is oscillating. And that is exactly the market needed for swing trading. To make money we need smooth swings. A market suitable for swing traders produces smooth swings. It is swingy. What most see just as a useless tautology is universal […]
Oil hits new lows
After worrying Chinese export and import data came out, crude oil dropped to a new low in the current downtrend as seen in this weekly chart. The long-term reasons are still the same. The OPEC couldn’t agree on a production cut as Saudi Arabia wants to fight competition from American shale producers. Chinese economic data […]
Oil rally or brief reversal?
The oil crash just took a breather with an abrupt two day uptrend. Will it go further? Hard to say, as the depressing factors are still in place. Reasons for this short-term rocket are most likely news about an encouraging U.S. growth and the relaxation of international equity markets. There are also reports of an […]
The oil crash goes ahead
Oil just made new lows as predicted. Time to get on board of a fine trend if you haven’t done so already. The oil market saw new price lows during the last days. There seem to be two main reasons for that: Iran closed the nuclear deal with world powers and is now on the […]
The oil crash
One of the most remarkable trends of the last months is the deep dive of oil. Oil is tanking! One reason is the US and its ability to exploit previously unprofitable repositories. Fracking has led to an oil glut, temporarily at least. The US just became a net exporter of oil after decades of being […]
