A Crude Reality?

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

A Crude Reality?

Featuring Bob Iaccino

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.

Published on
19 July, 2018
Topic
Technical Analysis, Oil, Trading
Duration
11 minutes
Asset class
Commodities
Rating
20
Sharing

Comments

  • fT

    forecast T.

    20 7 2018 08:14

    0       0

    The indicator with the skipping pattern says "openinterest" and is a default thing

  • fT

    forecast T.

    20 7 2018 08:02

    0       0
  • fT

    forecast T.

    20 7 2018 08:01

    0       0

    whats the think or swim product symbol /wti?

  • fT

    forecast T.

    20 7 2018 07:34

    0       0

    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 7 2018 07:32

    0       0

    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 7 2018 03:59

    0       0

    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.

  • JC

    James C.

    20 7 2018 02:27

    1       0

    Really well put together. This guy presents well - no arrogance or bluster, just clear and methodical thinking.

  • MN

    Michael N.

    20 7 2018 00:30

    7       0

    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.

  • HJ

    Harry J.

    19 7 2018 22:53

    2       0

    Let him do Gold next time

  • HJ

    Harry J.

    19 7 2018 22:51

    3       0

    Benchmark presentation.
    To the point and clear.
    He didn’t even discuss the crap we hear all the time.
    Good job!

  • WG

    Wade G.

    19 7 2018 22:32

    1       0

    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!

  • SH

    Steve H.

    19 7 2018 21:37

    3       0

    Excellent analysis. I agree with earlier comments that we should see more of Mr. Iaccino.

  • IM

    Isabella M.

    19 7 2018 18:50

    1       7

    Etcetera?? Hmmmm... disappointed that this is aired

  • TS

    Tyler S.

    19 7 2018 16:00

    1       2

    I guess I was wrong, so geopolitics have nothing to do with the pricing, its just supply and demand...

  • ev

    ernie v.

    19 7 2018 13:48

    3       1

    Excellent assessment. I concur and have come to the same conclusions. This gentleman is worth following.

  • CM

    Chris M.

    19 7 2018 11:33

    1       0

    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

  • CM

    Christopher M.

    19 7 2018 11:26

    8       1

    Great Video! More commodities please.