Crude Oil Breaks Out
A further confirmation of our earlier post about rising Crude Oil prices has been provided by our EXCALIBUR TRADING METHOD.
Today's price actions have crossed us into a much stronger upwards price trend environment
THE EXCALIBUR TRADING METHOD indicates on the 2-week basis, that a brand new and stronger uptrend price momentum is entering the Crude Oil Market.
As shown on the chart above with the red circle, price crossed that Resistance Line today.
THE EXCALIBUR TRADING METHOD generally provides excellent indications for longer-term moves and, in this case, using the Daily Chart, we should expect an uptrend lasting a few weeks before a serious pull-back occurs.
This information hasn't leaked down to the average investor as yet, and, probably won't until a top is ready to be put in. Also, refer to my earlier post about participating in Crude Oil using the ETFs as a low-cost way to trade in these commodity trends when they occur. George
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