CRUDE OIL IS WEAKENING. WATCH FOR A BREAKDOWN.
This Sideways Market Is Getting Softer.
Crude Oil price trends are a political and industrial indicator.
Watch current prices very closely. We've reached a pivotal point in price where a break-down in prices could start an avalanche downwards in price trend.
Looking towards the Election again, we could read that an impending downswing in crude oil prices would likely follow greater stability in the Middle East. There have been unprecedented peace treaties signed recently in that region, and, this downwards tendency for the Crude Oil Market seems to imply that great stability could be coming following the Election, meaning further, that what has been accomplished there will continue to expand politically.
Watch for prices breaking below the $34 level on a Weekly basis to confirm a serious downtrend. Actually, this downwards trend will be suggested even earlier if price drops below $38 on the weekly close.
Again, these comments are an educational exercise and my personal opinion only (an enlightening process I've been engaged in for over half-a-century now!). Although I'm pretty sure of my analysis, I do not advise and am not an advisor. Read our Disclaimer to that effect.
But, for those who have requested it, I'll continue to evaluate a few more markets in the days to come just to get a better 'feel' for the actual trends versus the perceived trends in some of the more popular markets.
Learn How to Look Forward into the Future
The above chart for CRUDE OIL is a Weekly Price Chart.
As we stated in our previous post, this longer time scale allows us to sift out price momentum whether up or down more efficiently.
The current impending downtrend in CRUDE OIL that we're detecting is, as stated above, probably an indication of an expected continuation of the past 4-years of diplomacy at this time. If trends continue dwards post election, then, this would likely confirm an even stronger dive downwards in price is in the works.
Trends are powerful things and, the ability to get on board a rising or falling trend is where the big returns are historically. We have the tools and educational materials that will instruct you on how to detect these potentially profitable points in time early.
Our Proprietary half-century of research is now available to a few private clients.
You can gain access to our Excellent Trading Courses or our Master Course Collection today.
Allow yourself to discover our excellent trading methods and techniques that are truly unique and World Class. If these are what you're looking for, please feel free to inquire about our special Gift Donation Access Program for any of these powerful courses as well. - George
Contact me at the e-mail address below and get started today. - George
Enter your text here...
