Check out our latest video on crude oil, black gold. Its got everything traders love to see in crude oil trading videos. Great analysis, the Fibonacci measurement tool and much, much more.
Today we’re taking a look into crude oil (NYMEX_CL) market. This market has rapidly become the world currency of choice for many countries. What do we mean by that? With the dollar going down in value, it automatically pushes the value of crude oil higher.
We analyze the July electronic contract for crude oil (NYMEX_CLN09.E) using some very simple tools that you can pull into your own trading. We’ve used our Fibonacci measurement tool as well as a classic chart pattern that has been around for over half a century.
So take a few minutes and see what the crude oil buzz is all about and if it’s really is going to go to a $100 a barrel.
Of course the video is free to watch and there is no need to register. Please feel free to leave a comment and let our readers know where you think crude oil is headed.
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