Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
The market for gold is providing opportunities as the stock market has its challenges. The S&P 500 (ES) is down 2.6% this week, while the Nasdaq (NQ) is off closer to 5%. This is leading me to examine the opportunities in the gold futures contract (GC) market that I am sharing with you today. Read …
The post Let’s Look at the Gold Market appeared first on Josh Daily Direction.
The crude oil (CL) futures market is down this afternoon, but that may be setting up a great entry point for a long idea. For a while, we were sitting out of the CL market as the price had rallied to the point that the risk was outweighing the reward. However, CL has since consolidated …
The post This Week’s Big Idea for Crude Oil appeared first on Josh Daily Direction.
Digital currencies remain volatile, and the recent price action has made them even more so. But that also means they’re providing plenty of opportunities. So, rather than just ignoring these markets, I continue to work on them and their charts. This in turn is providing evidence of trading opportunities that others may be missing for …
The post Where We’re Expecting a U-Turn in BTC appeared first on Josh Daily Direction.
No resource is greater in need and shorter in supply than crude oil. And with the stock market still challenged, crude oil is also gaining trader appeal right now as a viable hedge. But the key to profitable trades is to be in at the right entry level as well as being ready to exit …
The post Is There More Upside to Crude Oil? appeared first on Josh Daily Direction.
With the stock market still challenged and other financial assets having their own ups and downs, crude oil is gaining trader appeal right now as a viable hedge. Oil continues to provide periodic gains both this year and last and potentially in the weeks and months to follow. But the key to profitable trades is …
The post Nothing Crude About Big Oil Gains appeared first on Josh Daily Direction.
Forget the Magnificent 7 – these 3 stocks are poised for HUGE moves in the next leg of the AI boom. Wall Street veteran Ross Givens just revealed the details…
Crude oil is a major commodity that trades in global markets as both spot oil and by derivatives contracts, The articles are some trading ideas to analyze.
Crude oil is a synthetic derivative that occurs naturally and is made up of hydrocarbon deposits as well as other organic compounds. Crude oil is a form of fossil fuel that is processed into useful goods such as gasoline, diesel, and various petroleum products. It is a nonrenewable resource, which ensures that it cannot be replenished naturally at the rate at which we consume it, making it a finite resource.
Crude oil is traditionally accessed by drilling, where it is also discovered alongside other commodities such as natural gas (which is lighter and therefore lies above the crude oil) and saline water (which is denser and sinks below).
Following extraction, crude oil is distilled and converted into a range of consumer products such as diesel, kerosene, and asphalt.
While it is often referred to as “black gold,” crude oil varies in viscosity and colour from black to yellow based on the hydrocarbon composition. The first step of refining is distillation, which is the method of heating and separating oil into various components.
The Top Asset to Trade in This Market
One market that never really stops, even for a major US holiday like today, is the US futures contract market. And one of the top performers for today is crude oil and its futures contract (CL). It’s up big – really big – today, and I see more potential in this market. So, I’m taking …
The post The Top Asset to Trade in This Market appeared first on Josh Daily Direction.