It’s Time For A Technical Oil Trade

Regular readers will know, as will anyone that has ever attended one of my instructional courses, that I very rarely arrive at a trade idea just by looking at a chart. Rather, I prefer to arrive at an idea in a “top down” style, starting with a big picture view of the global economy, then deciding which energy commodity or stocks will be most impacted. Only then do I look at charts, to find things that are poised to break out of a pattern and to find logical exit points for the position I am looking to put on. Sometimes, though, even…