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Is Oil Headed Higher?

I just went long DIG this morning. This is a longer term hold and sell the next time oil spikes up.

Now some of you seasoned traders might being thinking what? Seasonally, oil drops at this time of year. However, the market appears to be doing just the opposite. Remember, when something is supposed to happen and the opposite occurs, it’s time to pay attention.

In my latest video, I look at November oil futures and show you a pivot point that if oil breaks above, we will are going to the next Fibb. retracement level.

Author Profile

Lance Jepsen
For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.