Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
Crude oil at $200 per barrel? I know it sounds outlandish. But it’s possible. It would be unprecedented, right? Maybe. But unprecedented things happen all the time. If the last two years haven’t proven that to you, nothing will. Could you have ever imagined being told you shouldn’t leave your house for two months… In …
Good morning, Daily Direction readers! Thanks to everything that’s happening in the world right now, light crude oil futures (CL) are hitting our price limit. With the current situation in Eastern Europe, there’s a lot of concern about the global oil supply. That’s why the price is so high. And while the latest news is certainly …
The post What to Do When Prices Are High appeared first….
Good morning, Daily Direction readers! Right now, we’re keeping a careful eye on the markets since volatility has risen across the board. But that doesn’t rule out the possibility of profit in the futures market. I’m now analyzing light crude oil futures (CL). While the long-term trend is upward, the short-term trend may be in …
The post What to Do When We Hit Our Limit appeared….
Good morning, Daily Direction readers! We’re keeping a close eye on the markets right now, as volatility has increased across the board. But it doesn’t mean the futures market isn’t full of opportunities. I’m now analyzing light crude oil futures (CL). While the long-term trend is upward, the short-term trend may be in the direction of a …
The post Waiting for the Short-Term Direction appeared first on
Good morning, Daily Direction readers! We’re watching the markets closely right now, as volatility has increased in many sectors. But that doesn’t mean were lacking opportunities within the futures market! Right now, I have my eye on light crude oil futures (CL). While the long-term direction is up, I’m hoping that the short-term direction turns down. While that …
The post Are Oil Prices Setting up for Another Shift? appeared….
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.
How I’m Managing My Crude Oil Options Trade
A week ago, I told you about a trade I was taking in the oil market… And how I thought we could see crude at $200 a barrel. Today, I have an update for you on how I am managing that position. Because even if you did not take the trade (which is up 70% …
The post How I’m Managing My Crude Oil Options Trade appeared….