Monday, May 20, 2019

#CrudeOil Review $USO

Crude Oil Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

Crude Oil's overall trend, revealed by trends of price, leverage (futures & options), and time, are defined in the The Matrix for subscribers.

Subscriber Comments

The time to buy oil was late 2018 and early 2019, a point when nobody other than the crazy 'idiots' that follow the invisible hand were interested. Oil's DI maintained a bullish setup (DI > 60%) until early March. That's when the posers, those that couldn't see accumulation and distribution because the talking heads won't recognize it, decided it was time to buy. The posers are still long as crude's DI fell below 0 in mid April. A blocking dome forms when DI falls below -60%. The posers will get caught on the wrong side of the trade when distribution (if it comes) unwinds. Subscribers should be watching this trend in the Matrix.

Crude Oil DI


Follow me on Twitter or facebook for further discussion.

----------------------------------

Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.