WTI Crude Looking Shaky

By ,

[Click on the picture to watch Murray analyse WTI Crude Oil. You will learn how to spot opportunities using Murray’s unique trading model.]

WTI Crude Oil is set up perfectly for more weakness ahead. It is not often you see a set up like this where the weekly and monthly charts have lined up around a very important long-term Point of Control. It takes a long time for the picture to unfold, but once the set-up is complete, the opportunity may not last long.

Watch These 10 Aussie Mining Stocks Go NUTS in 2019 (No.8 Is A Ripper!)

There is now a clear line in the sand where we know very quickly if we are wrong, and that is the most important thing to understand as a trader. If prices close on a weekly basis above $61.00 I am happy to accept that prices are no longer pointing down, but until then I will remain on a bearish footing for oil.

There are plenty of dominos lined up beneath the market, so if a sell-off does occur from here, there is the potential for it to cascade into a much sharper sell-off than many expect.

I show you in this video how you could approach the opportunity, but as always, this is just a case study for us to follow over the coming weeks and months, rather than direct financial advice.

Murray Dawes,
Editor, Alpha Wave Trader

FREE REPORT: Three Aussie small-caps that could smash the ASX 200 this year. Click here to download.

About Murray Dawes

Murray Dawes is the Editor of Pivot Trader and contributing Editor at Money Morning. He was one of five, from 5,000 applicants, chosen for a graduate position with the Swiss Banking Corporation — now part of banking giant UBS. The bosses quickly cottoned on to his potential and pushed him…

Is Stock Analysis Worth It? Finding Your Investment Edge

Is stock analysis worth your time? The question boils down to a key academic topic: market efficiency.

Electric Car Demand Is in Overdrive

With the way things are shaping up between automakers, EVs are quickly becoming a hot commodity. And I’m not just talking about Tesla here.

[WATCH] Closing Bell — In the Eye of the Storm

It’s a sea of bad news out there at the moment. Equities have cracked and they are continuing to drift lower.

The Fed Finally Admits It Is Clueless

These are the direct words from Jerome Powell at his recent ECB forum appearance, ‘We now understand better, how little we understand about inflation.’

Why Investors Can’t Afford to Ignore South East Asia and India

What do you think was the biggest factor to the pre-pandemic bull market? It’s a question I’ve been asking myself recently. If you go purely by the stats, then the logical answer has to be the FAANG stocks. This cohort of the US’s biggest tech stocks — Facebook (Meta), Apple, Amazon, Netflix, and Google (Alphabet) … Read More

There’s Still Plenty of Interest for Lithium

In today’s Money Morning…the Fed’s losing street cred…follow the long-term trends…good news for lithium…and more…