November 25, 2020 | British Petroleum
Ross Clark has worked forty years in the investment business both as a trader and analyst in the commodity futures business and until recently as an financial advisor and technical analyst with a major investment firm. Ross is well known for his proprietary technical tools which in an integrated fashion, his methods have been successful in credit spreads, the yield curve, industrial commodities, currencies, precious metals and equity markets. His work contributes to a weekly report written for the portfolio manager and individual investor and ChartsandMarkets.com, which publishes on opportunity, supplements the skills of both personal investors and professional traders.
British Petroleum was a great reversal from a monthly Sequential 9 Buy Setup, weekly Sequential 13 and weekly Capitulation. Targets remain the weekly TDST at 24.61 and 50-month ema over $33. As always, optimum option trades were call options with a minimum of 45 days to expiry.
STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.
Ross Clark November 25th, 2020
Posted In: Charts and Markets - Ross Clark
Previous: « Technologies Of Freedom, Substack Edition
Next: Missing the Mark »