Here's what history says about Crude Oil performance during the last quarter (Q4)
I have mentioned on 5 Nov 2021 that a change of character bar showed up in $WTI原油主连 2201(CLmain)$ (as circled) on 4 Nov and the up move is stopped for now with the immediate support around 75, as shown in the screenshot of my Telegram Group below:Crude Oil Update in Telegram GroupSince then, crude oil had a test of the supply zone followed by a reversal and a reaction. Last Friday, it was testing the support zone (as boxed up in green) near 75, as shown below:Crude oil support areaNow, let’s take alook at charts of Oil Services ETF (OIH) and Oil & Gas Exploration & Production ETF (XOP) as a representation of a basket of the crude oil related stocks below, where I have highlighted the bar on 4 Nov in ye
Take Advantage of the Rising Crude Oil Prices with These 2 Oil Stocks
$SM Energy(SM)$ and $卡隆石油(CPE)$ are two great oil stocks to lean on as the crude oil prices $WTI原油主连 2112(CLmain)$ is rising. Find out the entry setup and the brief analysis of these stocks. This video is extracted from my Weekly Live session on 3 Oct 2021.Key Points Identifying outperforming stocks with relative strength (benchmark with S&P 500) How to manage your risk even though it is considered as late entry. The actual breakout entry based on momentum trading and the underlying strength of crude oil. Watch the videoSafe trading. If you are day trading the US futures or swing trading fo