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April 5 Chart of the Day - Oil

April 5 Chart of the Day - Oil
Oil (/CL) prices hit their highest level since October as tensions in the Middle East escalated. And as we all know this means higher gas prices at the pump.

With this in mind we wanted to review Oil's chart from a price action technical analysis perspective to see where price could potentially be heading.

Navigating the Markets with Price Action Technical Analysis: Expert Tips for Successful Stocks, Options, Futures, Forex, Crypto, and Commodity Trading

Navigating the Markets with Price Action Technical Analysis: Expert Tips for Successful Stocks, Options, Futures, Forex, Crypto, and Commodity Trading

Price action technical analysis is a popular and effective approach to navigating the financial markets, including stocks, options, futures, Forex, Crypto, and Commodity trading.

This article will provide expert tips and insights to help you successfully trade various financial instruments using price action technical analysis. By understanding and applying these concepts, you can improve your trading skills and potentially achieve greater profitability.

August 11 Chart of the Day - Oil

August 11 Chart of the Day - Oil

Light Sweet Crude Oil Futures (/CL) impacts anyone who drives a gas powered car as it directly impacts the cost of gasoline.  And we all know that gas prices, along with inflation, have been on the rise.

Since making its spectacular plunge a few short years ago to below $7 per barrel the cost of this precious commodity experienced a meteoric rise to $130 before falling back and settling well below $100.

Currently trading in the low $80s we can use price action technical analysis to see that price may have an upcoming date with $90 or higher again.

Is the Market About to Crash?

Is the Market About to Crash?
Yeah, market sentiment can be tricky to try and figure out. One thing I see or hear over and over again are statements that begin with "I feel like..." and you can fill in the blank like:

Price Targets for Oil - $100??

Price Targets for Oil - $100??

Remember last year when Oil (symbol /CL) went under $7 a barrel?  Well if you got long then and stayed long you would have about10x return now...

We hear woulda, shoulda, coulda a lot.

Here are some updated higher time frame upside price targets for Oil.  It's not out of the question to see $100 technically speaking.

Around the Markets - 2 minute outlook for the week of November 15, 2020

Around the Markets - 2 minute outlook for the week of November 15, 2020
2 minute market outlook for the week of November 15, 2020 for /ES, /NQ, /YM, /VX, /GC, and /CL

Advanced Futures Course with Michael Perrigo

Advanced Futures Course with Michael Perrigo

ChartPros launched its latest market education leading course "Advanced Futures".

This course takes traders through advanced strategies and preparations for trading indice futures.  

The course is broken into three sections and will walk traders through step by step some of the most advanced strategies and techniques for day and swing trading.

Traders are going to learn how to identify Fibonacci sequences used by institutional algorithms and how to leverage that knowledge in your trading.

We're also going to provide insights into risk management and how to create "risk free" trade scenarios.

Lastly, we take traders through some trade planning and trade recaps that apply the techniques taught in the course.

How to Use 5 Price Action Tools to Boost Your Confidence and Improve Your Consistency

How to Use 5 Price Action Tools to Boost Your Confidence and Improve Your Consistency
Tom Winterstein of ChartPros leads you through the 5 price action charting tools necessary to improve confidence and increase consistency in your ...

I Taught My Nervous Neighbor How to Start Trading the Markets and Begin Making Extra Money Each Week!

I Taught My Nervous Neighbor How to Start Trading the Markets and Begin Making Extra Money Each Week!

So my nervous neighbor was asking about the markets last week... this is what I said... LOOK OUT BELOW!!!

Regardless if price goes up, down, or sideways we like to be prepared with actionable levels.  Today is no different.

Is Crude Oil Coiling for a Breakout?

Is Crude Oil Coiling for a Breakout?

Since May of 2019 price has made three trips between $52 and $63 but neither the bulls nor the bears have mustered up enough momentum to break out... yet.