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Yes, Give it to me

Has crude oil bottomed-out? 

 February 1, 2016

By  Rayner

A question I get nowadays is…

Hey Rayner, when do you think oil will bottom out?

And the honest reply I give is, “I don’t know”.

Here’s the thing…

I’m interested to trade with the trend, not against it. And the last thing I’d want to do is, “predict” when the markets will bottom out.

Still…

I’m going to share with you 2 things I’m looking out for, that could signal the bottom of crude oil (bottom pickers you want to watch this closely).

Then, I’m going to reveal to you a currency pair, which has potential to move 2000 pips over the next few months.

So, go watch this week’s market analysis below:

I hope you’ve enjoyed this week’s market analysis.

If you’ve got any questions, don’t hesitate to let me know in the comments section below. Cheers!

Do you want to learn a new trading strategy that allows you to profit in bull and bear markets?

In the Ultimate Guide to Trend Following (valued at $48), I will teach you this powerful trading strategy step by step, along with charts and examples.

You can download it here for FREE.

  • Hi rather,
    Some of them using the bottom divergence to catch up the entry.but of course it can be a false break out.actually how reliable to using the divergence with indicator rsi or stochastic? Thank you!

  • In this video, for the crude oil, you refer to 50EMA, want price to be higher than that to consider bullish case.

    In the 7 Feb 2016 video, in the gold case, you refer to 200EMA on weekly chart.

    When do you use 50EMA and 200EMA respectively for the trend change ?

    • Hi Tom,

      There’s no fix answer for this as I’m a discretionary trader.

      For gold I’m actually looking at a the previous swing high as well, and not the 200ma in isolation.

      The more factors that lines up, the greater the probability of a reversal.

      Rayner

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