My Favorite Oil Trading Indicator

These next couple of weeks are important for oil. [Jeff Clark's Market Minute]( My Favorite Oil Trading Indicator By Jeff Clark, editor, Market Minute Forget about Organization of the Petroleum Exporting Countries (OPEC) deals. Forget about inventory reports. Forget about the economy “opening up” or “shutting down.” If you want to make money trading oil, then there’s only one thing to watch… [volatility](. Recommended Link [BUY ALERT: Free Ticker Symbol Disrupting $867 Trillion in Capital Markets]( [image]( This is brand new… Former hedge fund manager Teeka Tiwari just released [the name of the ticker symbol]( at the center of a new financial technology disrupting the: - $2.7 trillion lending market - $4 trillion REPO market - $11.2 trillion securitized product market - $89 trillion asset management market - $95 trillion equity market - $106 trillion debt market - As well as the $560 trillion derivatives market In all, it’s wreaking havoc in capital markets worth over $867 trillion. Worth says this financial technology is already “minting the next class of millionaires.” And to get you started, Teeka just released the name of his top pick… [Click here to get the name of the ticker symbol.]( -- As we saw from its recent 15% slide in just three days, the price of oil is volatile. It often moves 3-4% in a day and can swing 20% or more in a month. That sort of volatility can lead to huge profits if you know how to trade oil the right way – or painful losses if you don’t. Today, I’m going to share with you my favorite indicator to use for trading oil… Take a look at this chart of the CBOE Crude Oil Volatility Index (OVX) along with its [Bollinger Bands]( (BB)… [chart] [(Click here to expand image)]( Similar to the stock market’s [Volatility Index]( (VIX), the OVX provides buy and sell signals whenever the price of oil pops outside of its BB. Bollinger Bands measure the most probable trading range for a stock or an index. When a chart pokes outside of its BB, it indicates an extreme move – one that’s likely to reverse. On the OVX chart, we get buy signals when the index rallies sharply above its upper BB (four blue arrows). Sell signals happen when the OVX drops sharply below its lower BB. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. Oddly, we haven’t had any sell signals this year. OVX did close below its lower BB three times, but none of those moves could be considered “sharply below.” Here’s a WTIC chart to show how the price of oil behaved following each buy signal… [chart] [(Click here to expand image)]( The price of oil rallied immediately following all three previous buy signals this year. The March signal kicked off the start of a three-month rally where oil gained 30%. The July and October buy signals generated shorter-term rallies where oil gained about 12% in just a couple of weeks. [👉“Penny Trade” shoots up 115% in ONE day!👈]( On Tuesday, the OVX chart triggered its fourth buy signal of the year. I have no idea if this marks the start of a short-term or an intermediate-term rally phase for the price of oil. But based on the accuracy of this indicator, traders should be looking for higher oil prices over at least the next couple of weeks. Best regards and good trading, [signature] Jeff Clark Reader Mailbag Where do you think the oil sector is heading next based on Jeff’s favorite indicator? Do you follow it as well? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. In Case You Missed It… [Massive Moneymaking Opportunity Coming?]( Master trader Jeff Clark has an urgent opportunity. If you’re willing to try something new, he believes you could make bigger percentage gains in the coming months… than you have in the past several years. [Get the details here – including the name of the #1 stock you need to be ready to trade.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [image]( [America’s #1 Portfolio Protection Plan]( [image]( [How to Earn Free Bitcoin]( [image]( [An Insider’s Guide to Making a Fortune from Small Tech Stocks]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. 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