With crude oil hitting historic highs today, MarketClub mentors thought it would be a good idea to do a short video updating you on our “Trade Triangle” technology and the signals we have generated in the June crude oil contract.

This five-minute video will give you an insight into how you can approach the crude oil market using MarketClub’s “Trade Triangle” technology. This approach takes a great deal of the emotion out of trading which is crucial for any successful trader.

I hope you enjoy the video and learn how to employ our technology into your own trading.

Every success in life and in trading,
Adam Hewison Co-founder, MarketClub.com

…how today’s oil prices are really determined is done by a process so opaque only a handful of major oil trading banks, such as Goldman Sachs or Morgan Stanley, have any idea who is buying and who is selling oil futures or derivative contracts that set physical oil prices in this strange new world of “paper oil”.

With the development of unregulated international derivatives trading in oil futures over the past decade or more, the way has opened for the present speculative bubble in oil prices.

Since the advent of oil futures trading and the two major London and New York oil futures contracts, control of oil prices has left the Organization of the Petroleum Exporting Countries (OPEC) and gone to Wall Street. It is a classic case of the “tail that wags the dog”.

http://www.atimes.com/atimes/Global_Economy/JE06Dj07.html

In today’s video we are going to examine the current formation that is building in crude oil that will have a major impact on prices.

What we are seeing right now are two possible formations that are building and will point the way to the next major move in crude oil.

We are then taking a look at lesson #2 and lesson #7 from our Traders Whiteboard series. Both of these lesson tie into the crude oil video and illustrate what is happening now in the crude oil market. Our Traders Whiteboard series is designed as an educational tool and will show how patterns keep repeating in the markets.

We hope you enjoy the video and find it informative, educational and above all helpful.

Every success in trading and in life,

Adam Hewison
President, INO.com

Click on the image for a 5 min video on using triangles to trade the oil market and how the indicators are shaping up for an indication of the future of crude oil prices.

Follow crude, forex and optionable stocks in the free tradingsystems section of this website.

Lower looks more likely than not after a consolidation period. It would take a strong rally to change this outlook.

Wall Street stocks were set for a muted start on Friday, with oil producers expected to remain under pressure as crude traded below $55.50 a barrel and investors waited for monthly U.S. jobs data.