A Crude Reality?

Published on
July 19th, 2018
Topic
Trading, Technical Analysis, Oil
Duration
11 minutes
Asset class
Commodities

A Crude Reality?

Technical Trader ·
Featuring Bob Iaccino

Published on: July 19th, 2018 • Duration: 11 minutes • Asset Class: Commodities • Topic: Trading, Technical Analysis, Oil

Bob Iaccino, chief market strategist for Path Trading Partners, says more pain is on the horizon for oil. He reviews the catalysts, the technical levels to watch for and discusses how low the commodity will go. Filmed on July 17, 2018.

Comments

  • fT
    forecast T.
    20 July 2018 @ 08:14
    The indicator with the skipping pattern says "openinterest" and is a default thing
  • fT
    forecast T.
    20 July 2018 @ 08:02
  • fT
    forecast T.
    20 July 2018 @ 08:01
    whats the think or swim product symbol /wti?
    • fT
      forecast T.
      20 July 2018 @ 08:05
      /CL or /CM ?
    • fT
      forecast T.
      20 July 2018 @ 08:06
      /CL or /QM***
    • fT
      forecast T.
      20 July 2018 @ 08:08
      /CL!!!!!!!!! hey dont be annoyed, its not on me that RTV lacks a delete or edit post option
  • fT
    forecast T.
    20 July 2018 @ 07:34
    judging by the indicator for volume, crudes ready to rally up supply but I see that driving price up in this situation, not down. I see prices stabilizing lower despite higher crude prices. If the short plays true , then its time to write calls baby!
  • fT
    forecast T.
    20 July 2018 @ 07:32
    judging by the indicator for volume, crudes ready to rally up supply but I see that driving price up in this situation, not down. I see prices stabilizing lower despite higher crude prices. If the short plays true , then its time to write calls baby!
  • PO
    Phillip O.
    20 July 2018 @ 03:59
    Just a personal preference here, but I've never been a fan on Gann lines. I personally think they are detrimental to the overall study of technical analysis. Any study that is entirely dependent on the X and Y Axis sizing of a graph seems pointless to me. The exact same Gann lines on a different size or pixel clarity screens completely break down and mean nothing. So then there is absolutely no way to accurately backtest these strategies. This leads people to group together all technical analysis with Gann and call it pointless pseudoscience.
    • PO
      Phillip O.
      20 July 2018 @ 04:13
      *Gann lines are defined by 45 degree angles on a chart. Zooming in or out on a chart axis completely changes the angle that you see.
  • JC
    James C.
    20 July 2018 @ 02:27
    Really well put together. This guy presents well - no arrogance or bluster, just clear and methodical thinking.
    • AD
      Adam D.
      23 July 2018 @ 19:13
      Lots of CNBC practice I’m assuming that definitely helps your presentation skills Although to be honest overall yes one of the most sound and logical operators on that channel
  • MN
    Michael N.
    20 July 2018 @ 00:30
    Well done Bob. This is the way I need to see a trade idea. A Dave Floyd style that breaks down what the trader is looking at. WHY they are looking at it, WHAT they are seeing and HOW and WHEN they will react. Gives me insight not just about this trade but how to approach any trade. Thank you sir.
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:34
      Thanks Michael
  • HJ
    Harry J.
    19 July 2018 @ 22:53
    Let him do Gold next time
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:33
      Happy to, if I have an opinion on it
  • HJ
    Harry J.
    19 July 2018 @ 22:51
    Benchmark presentation. To the point and clear. He didn’t even discuss the crap we hear all the time. Good job!
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:35
      Thanks Harry
  • WG
    Wade G.
    19 July 2018 @ 22:32
    Bob, I want to thank you for such a clear presentation. I imagine a took a bit of time to prepare because you were so perfectly clear throughout. Perhaps the easiest to follow, yet detailed, trade idea presented on RV. Thanks!
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:35
      Glad you found it useful, Wade
  • SH
    Steve H.
    19 July 2018 @ 21:37
    Excellent analysis. I agree with earlier comments that we should see more of Mr. Iaccino.
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:35
      See you in August, Steve
  • IM
    Isabella M.
    19 July 2018 @ 18:50
    Etcetera?? Hmmmm... disappointed that this is aired
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:42
      Sorry you didn’t find it useful Isabella, Hopefully you’ll find some of the other contributors valuable. There’s plenty of smart people providing content. Full disclosure, I’m not an investor I just like what these people are doing
  • TS
    Tyler S.
    19 July 2018 @ 16:00
    I guess I was wrong, so geopolitics have nothing to do with the pricing, its just supply and demand...
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:38
      Geopolitics matters, Tyler, but only as it affects levels of supply or in some cases, demand. At the end of the day, that’s how end price is determined in commodities. Sorry if I came across as if it doesn’t matter.
  • ev
    ernie v.
    19 July 2018 @ 13:48
    Excellent assessment. I concur and have come to the same conclusions. This gentleman is worth following.
    • ns
      niall s.
      19 July 2018 @ 14:47
      Lets hope we see more of him :)
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:39
      Thanks for the kind words, Ernie
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:39
      You as well, Nail
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:39
      Sorry, Nial
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:39
      Damn it...”Niall” my apologies
  • CM
    Chris M.
    19 July 2018 @ 11:33
    Hi, That was my argument (on twitter) :) I agree that it is at least going to PB a lot not only for the ramping up of production in the middle east and the Iran thing, but ding dong (our current POTUS) thinking about tapping reserves to manipulate the price. When I called for the long in crude back when POTUS gave the military billions in funding, I feel my target of $77, although not touched was a significant Price point before we can continue . Nice fib work Trade Well
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:40
      Thanks for making contact again Chris
  • CM
    Christopher M.
    19 July 2018 @ 11:26
    Great Video! More commodities please.
    • YB
      Yuriy B.
      19 July 2018 @ 13:48
      Yes please!!!
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:40
      We love those commodities, Christopher
    • BI
      Bob I. | Contributor
      20 July 2018 @ 00:40
      Keep watching this channel, Yuriy