Chart Patterns for the
week of 12/01/2018
Track and Trade
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The rally in crude
oil and unleaded gasoline came to an end in November when prices fell below the
uptrend line at 66.42 in March crude oil and 192.08 for March unleaded
gasoline on the two charts below.
Traders who use
chart patterns in their trading know to sell the commodity or stock when prices
trade below the uptrend line. Those who took advantage of these two pattern
trades are now enjoying a combined $34,900.00
in profits with positions still open and in progress.
Stay tuned for a new
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Disclaimer and Disclosure of
4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN
LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT
REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE
RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN
MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL
ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF
HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO
ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.