See on the daily bar chart for December Nymex crude oil futures that prices have rebounded from the recent low and the bulls have gained some momentum. See at the bottom of the chart that the Moving Average Convergenc Divergence (MACD) indicator has recently produced a bullish line crossover signal, whereby the thick blue MACD line crossed above the thin red “trigger” line. The crude oil bulls need to push prices above stiff resistance at the October high to gain good technical power to suggest a price uptrend can be sustained. By the way, I have some educational tools that can help you out. Click here to find out more about my unique educational products.–Jim
Also, check out my reviews of a couple of market analysis software programs that I think are useful for traders. They were developed by markets analysis software pioneer Lou Mendelsohn.
Click below.
Jim Wyckoff’s review of VantagePoint
Jim Wyckoff’s review of TradeShark
| Stay tuned! Jim Wyckoff jim@jimwyckoff.com
(Analytical chart above is derived from FutureSource’s WorkStation) Attention all traders: I have just completed a brand new e-booklet: “62 Rules Used by Profitable Futures Traders.” It’s the best $19.95 investment you’ll ever make on your road to more successful futures trading! Profitable traders follow trading rules. This “e-booklet” contains 62 of the “tried and true” trading rules used by professional futures traders to extract profits from markets. “62 Rules” is a must for less-experienced traders, and a great refresher for the experienced trader looking to regain a trading edge. As with all of my work, “62 Rules” is written in an easy-to-read and easy-to-understand style.Click below to order my new “62 Rules” e-booklet(or call me at 1-319-277-8643 and I’ll take your order, myself.) http://www.jimwyckoff.com/subscribe_to.asp I also have produced an information-packed educational “seminar on a CD” entitled “Trading for Profits in the Real World.” The CD pops right into your computer and you get 2.5 hours of educational instruction from me, including over 100 educational charts detailing the essential trading methods I use to extract profits from markets. Click below to see more details about my seminar on a CD, and on my other educational products that will move you up the ladder of trading success. The cost for all of my educational products combined is way less than one bad trade! Click below for more information on my educational products http://www.jimwyckoff.com/Resources/ProdSumm.html
Every trading day, I email a multi-page, comprehensive analysis of that day’s market activity. Also, every two weeks, paid subscribers receive an extensive newsletter, full of analytical charts just like this one, and extensive analysis, as well as an educational feature. Click here to subscribe online, or you can call me personally to subscribe. I’m always happy to talk markets. Ph. (319) 277-8643. Questions on the service? Give me a call, and I’ll answer them for you |
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