Trading Ideas That Paid – XOP

The Nymex crude for April delivery traded as high as $100 in early Wednesday trading session amid ongoing concerns related to social and political turmoil in the Middle East and North Africa before backed down in the afternoon to settle at $98.10, up 2.8%. As a result, the SPDR S&P Oil & Gas Exploration & Production (XOP) advanced 2.7% to 60.31.

CEM New Trial

In fact, a closer look at the daily chart of XOP suggested that the ETF could follow the so-called trend channel higher, heading toward the 2-year high near 65. Just so that you know, initially profiled in our November 4, 2009 “Swing Trader BulletinXOP had gained about 52 percents and remained well position.

The graphics below are from our “U.S. Market ETF Trading Map”, which shows the near-term technical bias for XOP and the S&P 500 index. As shown, the underlying is in a short-term bullish trend when the price bars are in green. The underlying is in a short-term bearish trend when the price bars are in red. And yellow bars identify period of neutral or sideways trading pattern.
Additionally, the light-blue shading represents the short-term trading range. A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading).

Chart 1.1 – SPDR S&P Oil & Gas Exploration & Production (daily)

Click here to read a detail technical analysis.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

P.S. Take advantage of the 30 days special trial [new member only]. Join a small group of elite traders and receiving these daily trading ideas by click here to subscribe.