Why Now Is the Time to Lock in Oil Gains

Given the look of the current setup, any immediate rally from here is going to be limited and will likely reverse… [Jeff Clark's Market Minute]( Jeff’s Note: Tomorrow morning, I’m discussing a new prediction I have for the next 12 months… A [“Stock Shock”]( is about to hit America and it could be the worst thing for your investments if you don’t act before October 1. But if you know the [one secret I’ve quietly used]( for over three decades to achieve financial freedom… you could generate returns of 135%, 240%, even 373% in as little as eight days. During this intervention, you’ll discover the exact ticker behind my strategy and the No. 1 financial myth of all time. [Just click here]( to get started. --------------------------------------------------------------- Why Now Is the Time to Lock in Oil Gains By Jeff Clark, editor, Market Minute In mid-March, the Oil Volatility Index (OVX) generated a buy signal when it closed above its upper Bollinger Band. At the time, [I suggested]( “traders should be looking for higher oil prices over at least the next couple of weeks.” That was not a popular opinion, to say the least. The price of oil was in free-fall, down 15% in seven trading days. The “experts” were telling us oil was falling because of fears of a global recession, and the price was headed even lower. But one of the most reliable oil-trading indicators was telling us it was time to buy. Traders who did that have a nice profit today. The price of oil is 17% higher today than it was in mid-March. And today, traders should lock in those gains. Recommended Link [Man who warned of Russia invading Ukraine releases a new set of predictions]( [image]( Geopolitical expert and best-selling author Peter Zeihan has just released a startling new set of predictions in his latest book, The End of the World Is Just the Beginning. The first printing completely sold out, but you can [get it now right here.]( [Click here now.]( -- The price of oil has surged back above $80 per barrel. The experts are now telling us the price could reach $90, or even $100 within the next few months. But OVX has fallen all the way back toward its lower Bollinger Band. It’s now on the verge of generating a sell signal for oil. Take a look at this updated 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 Bollinger Bands (solid blue lines). Bollinger Bands measure the most probable trading range for a stock or an index. When a chart pokes outside of its Bollinger Bands, it indicates an extreme move – one that is likely to reverse. [Millionaire Trader Reveals: How to Make One “Backdoor” Currency Trade – Every Month – And Start Making All the Money You Need to Fund Your Retirement]( 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. On the OVX chart, we get sell signals when the index drops below its lower Bollinger Band. Over the past year, we’ve had seven sell signals (red arrows). And the chart is on the verge of generating another one. It will only take a slight push higher in oil to do the trick. Here’s how the price of oil behaved following the previous sell signals… [(Click here to expand image)]( The price of oil declined immediately following all previous sell signals over the past year. However, the strongest signals occurred when West Texas Intermediate Crude (WTIC) was trading near its upper Bollinger Band. That’s the setup we’re looking at today. WTIC oil is trading near its upper Bollinger Band. And OVX is on the verge of generating a sell signal. This is NOT the time to buy oil. That time was three weeks ago. Of course, the price of oil could still push higher from here for a few more days. But given the look of the current setup, any immediate rally from here is going to be limited and will likely reverse. Best regards and good trading, [Signature] Jeff Clark READER MAILBAG What are your predictions for oil? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [Invest Less Than $100 to Collect 390% Gain in 27 Days. (Next Trade Incoming)]( Trade ONE stock, ONCE a month and walk away with massive gains. Trading millionaire Jeff Clark says he’s done it for years, helping more than 170,000 folks discover how to turn petty cash into big returns in ANY stock market condition. Jeff is now revealing exclusive details and a DEMONSTRATION on how you can get started trading with less than $100! [Click here to watch the interview.]( [image]( [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. But please note: The law prohibits us from giving personalized advice. 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