20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
On CNBC's "Futures Outlook," Bill Baruch of Blue Line Futures spoke about crude oil ahead of the OPEC meeting on Wednesday. He believes that a possible increase in production is already priced in the market.
Related Link: US Oil Imports Are Up In July: Why One Analyst Says Trend Unlikely To Continue
In the intermediate term, he would be a buyer lower at $36.50 and $33.50, but he is bullish in the short term. Baruch wants to buy the August contract if it trades above $41.10. He would place a stop loss at $39.90 and his target price would be $42.30.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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