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Funded Trader Vladimir M. Makes $5,340 on Single Oil Trade

Posted by TopstepTrader on August 21, 2019

In this Topstep Moment of the Week, Anthony Crudele and Dan Hodgman take a look at a big-money Oil trade from Topstep funded trader Vladimir M. over in Dubai. In these volatile markets, Dan explains why it pays to to define your exit strategy, and let your winners run until market conditions dictate otherwise. 

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Topics: TopstepTrader Funded Traders, Futures, Anthony Crudele, Crude Oil, Dan Hodgman, Topstep Moment

Crude Oil Advances on Geopolitical Unrest, But Turns Away from Key Resistance

Posted by TopstepTrader on July 23, 2019

Crude oil prices moved higher Monday as events in the Straight of Hormuz continue to raise concerns about possible disruptions in supply. Yet, at $56.25 per barrel, prices remain well below levels of more than $60 seen just two weeks ago. In fact, sentiment seems to have turned somewhat bearish due to concerns about a weakening global economy and waning demand.

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Topics: Crude Oil, trading strategy

Second Quarter Recap: Stocks and Bonds Up, Commodities Mixed, Bitcoin Soars

Posted by TopstepTrader on July 02, 2019

The first half of 2019 is in the history books and, after solid gains in the first quarter, stocks and bonds added to the bullish trend in Q2. Crude Oil was little changed and Gold was a bright spot as the commodities market saw mixed action over the past three months. Lastly, many interesting stories were told in the currency markets, including a 220% surge in Bitcoin.

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Topics: Gold, Metals, Bitcoin, U.S. Treasuries, US Dollar, Nasdaq, Crude Oil

Crude Oil Tests Key Levels Ahead of OPEC

Posted by TopstepTrader on June 24, 2019

Crude rose to its best levels in June as escalating tensions between the U.S. and Iran fueled large gains on Thursday and Friday. Prices are now testing key technical levels and price action will likely remain headline-driven heading into an OPEC meeting in early July.

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Topics: Crude Oil

Traders Brace for a Barrage of Key Events: Here’s What’s Coming

Posted by TopstepTrader on June 17, 2019

Stocks and bonds have been rallying, while yields fall and the Dollar slips, as weak economic data fuels expectations that the Federal Reserve will aggressively cut rates later in the year. That theory will be tested when the Federal Reserve Open Market Committee (FOMC) meets later this week.

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Topics: Futures, U.S. Treasuries, US Dollar, Crude Oil, economic data reports, European Central Bank

Crude Oil Could Rip Higher After Steep Drop in May

Posted by TopstepTrader on May 30, 2019

Crude Oil failed to rebound following inventory data this week and has dropped nearly 10%, or $6 per barrel, during the month of May. It’s trying to hold a key technical support, but ongoing trade war concerns and a looming OPEC meeting might keep a lid on short-term rally attempts.

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Topics: Crude Oil, China

Ride the Trend: 5 Ways to Stop Gifting Money to the Markets (Part 2)

Posted by TopstepTrader on May 16, 2019

Studies show that we, as human beings, feel the sting from losses to a greater degree than the sense of gratification from winning. That means we would rather not lose than actually win. For that reason, traders sometimes make the mistake of cutting winners too soon and letting losers run. It’s a form of self-sabotage that has ruined more than one trading account.

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Topics: Trading Psychology, Crude Oil, trading strategy, Stop Gifting Money

Earnings Season: A Boom or Bust for Equities Rally?

Posted by TopstepTrader on April 10, 2019

Time for earnings. Several large banks release results on Friday, and the floodgates on first-quarter reports open wide the following week. With the S&P 500 up sharply year to date, the rally will be tested when companies discuss the outlook for the remainder of 2019.

Here's why that matters.

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Topics: Nasdaq, E-Mini S&P, Crude Oil

First Quarter Recap: Oil Leads as Nearly Everything Wins

Posted by TopstepTrader on March 26, 2019


After experiencing losses last year, almost every asset class is moving higher through the first quarter 2019. Stocks are rallying. Bonds are bid. The dollar is up. But the biggest gains have been in the energy sector, including a sharp rebound in the price of Crude Oil.

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Topics: US Dollar, Nasdaq, Crude Oil

Constructive Price Action as Crude Oil Bubbles

Posted by TopstepTrader on March 18, 2019

Crude oil is moving to its best levels in months, and an upward trend channel on the chart suggests there’s more room to run.

After falling sharply in the final few months of last year, prices hit a bottom in the Christmas Eve Massacre before a sharp move higher in the first two months of this year. The new mantra as the uptrend takes shape has been “buy the dip” and stands in stark contrast to the bearish sentiment that beset crude oil prices in late 2018.

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Topics: Futures, Crude Oil

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