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.
Oil prices continued to rise on Tuesday, with crude futures gaining 1.34%. The move comes after Saudi Arabia's Energy Minister on Monday denied reports suggesting Saudi Arabia and other OPEC members were considering an output hike of 500,000 barrels per day.
Saudi Arabia's denial of an output increase overshadowed demand concerns on Tuesday, which have come amid rising COVID-19 cases in China.
Strength in oil prices has lifted several stocks in the sector. At the time of publication:
- BP (NYSE: BP) was up 5%
- Marathon Petroleum (NYSE: MPC) was up 5.06%
- Equinor (NYSE: EQNR) was up 4.81%
Photo via Wikimedia Commons
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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