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Thursday 24 April 2008

How to Trade Crude Oil Futures and energy stocks

This is basically what I watch when trading oil stocks, crude oil futures, and gold futures.
Right Monitor setup-
Look for inverse relationship between XLE and SMH- (oil vs Tech)
Oil Daily chart
XLE- Fib levels
Watch the Euro- (Stronger US Dollar can be bearish for metal and energy futures)
Watch for inverse relationship between Airline stocks and Oil stocks.
Brent Crude oil futures
Light Sweet Crude Oil futures-
Gold Futures-
Natural Gas Futures
Gasoline Futures-

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