Using the tools of Fibonacci we show you exactly where we think crude oil is headed next and how to play it with options.
Recent Posts
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- Gold Short Update & Live Meta Position: Todd’s Market Insights
- Todd on CNBC’s Power Lunch: Deciphering the Yield Curve
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Recent Comments
- Karl Skrifvars on Is the Market Overbought? Key Market Indicators You Need to Know Now: “do away with the text at the bottom of the videos” Jan 13, 09:07
- Todd on Is the Market Overbought? Key Market Indicators You Need to Know Now: “Thank You!” Jan 8, 13:07
- Romeo on Nasdaq Comp Breaks 20k! Elliott Wave Outlook for 2025 and Beyond!: “Hallo Todd, as an alternate count, could the last movement be a “b” (flat) of 4 circled ?” Dec 12, 04:53
- chris on Let’s Avoid The Awkward Conversation….And Buy THIS Stock: “great to see actual trades online” Dec 6, 09:24
- Hans on BIG Resistance Numbers in the NASDAQ: “Whenever a sharp decline in a bull trend generates as much fear as the recent sharp setback (see the fantastic…” Aug 19, 22:38
I registered for tonight’s webinar. But did not get confirmation.
Hi Barry – Sorry, which webinar did you register for?
great video, Todd. 100% agree with you. But the guy in EWT said last week, CL not done goin down yet, one more downward, then boom to your previous wave 4 target which you just said at $40s. I forgot his name, but he is the only big guy in EWT for energy mkts. Talk v. straight, like a military man. Got to be true?? My own analysis show CL is very close to bottom now, just like you mention it. Check out (CL/CCI index)ratio is at low extreme now. My outright Call is still on, put spread is still on. Gold, Silver also goin to move upward, Todd… SLW stock, MUX, NEM, (DGP, USLV).
http://www.finviz.com/quote.ashx?t=slw&ty=c&ta=1&p=d
Thks again for free video.
My pleasure Ian – I’m only targeting a move towards $38-$40 in crude oil and once we get there, we’ll be able to project with a greater degree of certainty where we’re headed. Sorry not following you on EWT? While gold holds above $1190 it only confirms that Fed is on hold for a long period of time and metals will reach for higher prices. Not much of an opinion in here, just taking quality trade setups 🙂
Hi Todd,
What do you trade to track oil? The futures themselves, XLE, USO, etc.
thanks
Justin
Hi Justin – sorry to say but all of the above! However, when doing long term analysis of crude oil I use the non-adjust (not cont. contract) WTI futures contract to do the technicals.
Hi Todd, I’m too new to understand much of your video but I do remember you mentioned in your most recent CNBC interview that you’ll need to see oil break $38 in order to buy the bottom is in, has anything changed since? Also, if you have a service like AmericanBulls.com, I’d love to subscribe immediately! The problem with AmericanBulls.com is, they depend solely on Jap candlesticks, so their accuracy is no good + their customer service stinks big time, for instance, they do not provide any phone number on their site, their email address does not work (emailed them several times the past few weeks, bounced back every single time) and their ignore questions posted on their Facebook page.
Hi Terry – My Dad’s name – welcome! I do have a service that can be found at http://www.tradinganalysis.com (this site) I have a team of 5 behind me answering emails and phone calls, so you should have no worries there. Yes, we are long XLE currently (energy ETF) based on my analysis that we’re headed towards $38 – $40 in crude oil. All the best and thanks for writing. Todd.