its consolidation phase near the channel resistance prices started to move on downside and reached towards our mentioned target of 3220. Crude Oil futures contracts are highly liquid. However one should understand that there is always a probability and hence trading with strict risk management is the key! We follow objective technical tools to capture most of the opportunities. What is so promising is that the sample size gives us plenty of latitude to add an additional filter. But in order to achieve this, you need a statistical edge.
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When the supply of crude oil goes down over the long term, we can expect the price of crude to increase which will increase the cost of virtually everything we buy. In a nutshell, when the OVX is down, then fear is leaving the oil market. I know, it sure sounds confusing. First things firstbefore we jump into the actual strategy. Rule 3: Follow the targets that are printed on the chart One of the best things about trading where your targets are printed on the chart is that there is zero guesswork.
For this particular strategy, I would like to introduce a volatility filter, specifically the OVX. Once you start to ask questionsyour imagination will take root. This has allowed less time in front of the computer without an adverse affect on returns. But you have to ask the questions.
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