There’s a Big Move Coming for This Sector

[Jeff Clark's Market Minute]( Mike’s note: Before we get to today’s market insights, a quick thank-you to everyone who joined us for Wednesday’s special presentation, where Jeff taught his 18-year-old son Carson how to trade options. It was a great time, and hearing how much you enjoyed it was our favorite part of the event. If you missed it, don’t worry… [you can still watch it here](. But don’t wait – this presentation won’t be available for long. Now, onto today’s Market Minute… --------------------------------------------------------------- There’s a Big Move Coming for This Sector By Jeff Clark, editor, Market Minute Oil is setting up for a big move… And, I’m betting it moves higher. Let me explain… Recommended Link [Replay of this week’s Real Money Demo]( This week, Jeff Clark’s 18-year-old son attempted to double his money… using the same options technique that helped Jeff retire at age 42. Chances are, you missed it… and the surprising conclusion. (Holy moly!) So until midnight tonight, here’s your last best chance to watch our Real Money Demo. And receive the FREE trading recommendation Jeff made… which could double your money if you get in today, without touching any regular investments. [image]( By watching before midnight TONIGHT, you’ll learn: **Jeff Clark’s free trading recommendation (including ticker symbol, the first time he’s ever given away an options pick) **An urgent new prediction from the man who called the 2020 crash. Just keep in mind: [You should watch by midnight tonight]( -- For the past several weeks, the price of oil has been stuck in a relatively tight trading range. Take a look… The chart has formed an ascending triangle pattern (the red lines) – which is a series of higher lows, and where the bounces keep running into the same [resistance]( level. This is typically (but not always) a [bullish]( pattern that leads to an upside breakout. All of the various moving averages are coiled together as the price of oil is nearing the apex of the triangle. There’s lots of energy to fuel a big move. And, all of the moving averages are in a bullish configuration – with the 9-day [exponential moving average]( (EMA) above the 20-day EMA (green line), and the 20-day EMA above the 50-day [moving average]( (MA – blue line). This setup favors a bullish move. So, I’m looking for a breakout to the upside within the next few days. If the price of oil can break above the resistance line at about $43.50 per barrel, then the next resistance level is near $48. That’s nearly a 10% move higher from here. A more significant move higher could target the March high at $54 per barrel over time. Of course, a bullish move in oil should lead to a bullish move in the oil stocks as well. The energy sector has noticeably lagged behind the rest of the stock market over the past four months. But, if this pattern breaks out to the upside, then the oil stocks could play one heck of a game of catch-up. Best regards and good trading, Jeff Clark P.S. Since I believe options are so simple to learn, and have the potential to multiply your money several times over in short time, [I decided to test it out on my 18-year-old son Carson this past Wednesday](. [During the presentation]( I challenged Carson to double his money using my advice… even though he has no financial experience… The results were surprising. If you missed it, [click here to watch – but don’t wait. This presentation will go offline soon...]( Reader Mailbag Has following Jeff’s technical indicators helped you profit recently? If so, did you have any experience with them before subscribing to Market Minute? Let us know your answers – and any questions you may have – at feedback@jeffclarktrader.com. 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