The incredible volatility in the crude oil market has continued throughout the summer. After dipping as low as $26/bbl back in February, WTI crude oil prices nearly doubled in a matter of about four months. Once the run peaked above $51/bbl in June, oil prices once again performed a complete 180-degree pivot and slid straight back down to below $40/bbl by early August.

WTI quickly bounced off the $40 support level and logged seven consecutive days of gains this month to once again climb back above $49. But with WTI now hovering between $46 and $49, which technical levels should traders be watching?

According to Turning Point Analytics, $40/bbl is the key to WTI maintaining its bullish technical picture.

“TPA has said…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!