Crude Oil Trading Software – an example trade
Crude Oil Crossover
Basic strategy: Enter on the open the day after an indication
(Trendline break)
(Predicted Moving Average Crossover w/ other indicator clues)
- Long around $78 a barrel on trendline break
- Big share of upmove off the low over; miss out on $6 a barrel ($6,000) of profit in extended rally
- Trendline drawing subjective
- No precise entry/exit points with trendline techniques
- Long around $72 a barrel on predicted medium-term (blue line) crossover
- Bullish crossover supported by (2) neural index at 1.00, (3) predicted differences crossover and pointing up
- Positioned for runaway uptrend
- Long for additional $6 a barrel ($6,000) profit vs. trendline breakout method