Crisis in Crude - latest thoughts and strategies

[Thierry Martin]

Crisis in Crude?

Can trend lines, emotion, and Fibonacci Retracements alone give us the help we need to spot the trend? NO, we need to be able to apply MORE powerful tools to our charts to help find, trade, and gain from the trend.

This streaming video was produced just hours ago and applies these studies and one the powerful tool you may or may not have heard of. This powerful tool gave long and short signals in this market...both for gains. What to know the signals? More importantly... what's the latest signal telling us?...

Click here to watch this free video.

[TonyM]

I'm sorry Thierry, but I just don't get where the chart narrator is predicting anything, he's explaining what has already happened, that crude is volatile (well known) and he's basically calling last year's price of $78 a top based on technicals without fundamentals, but then goes on to say that things in the mid east could change his technical prediction.

He says that we could have made money using the software by buying and selling here, here and here...but I could do that on any chart looking backwards. I'd like to see the software draw a chart into the future with buy and sell points.

Crude is a wild card and cannot be predicted on charts alone, the fundamentals play such a huge role and the other products cracked from crude and their price movements come into play, along with watching the forward contract months and options. Making predictions past intraday is almost impossible due to all of the variables.

I'm certainly not claiming to have the answer either or being remotely close to an expert, just someone that is very interested in the energy sector. If this outfit is a sponsor or potential sponsor, I won't respond to these posts anymore out of respect for your business. If I truly thought I could benefit from their software in crude oil prediction I'd be all over it, crude is just a tough one to nail down.