Will Demand in This Sector Really Trigger a Breakout to the Upside?

Will Demand in This Sector Really Trigger a Breakout to the Upside?

Dear Trader, Welcome to another issue of Big Energy Profits! If you haven't heard the news yet, I just issued a new Trade Alert to my Big Energy Profits subscribers. This trade seems to have a lot of upside potential. In fact, it looks so good that I've even put my own money on the line in this opportunity. There is still time for you to take advantage of this trade, but you must move fast! Click Here to Learn How to Join the Big Energy Profits Family and Get Instant Access to this Trade Alert In this issue we'll discuss: The Chart Pattern Savvy Traders Use to WIN when the Bears and Bulls are Stuck in a Stalemate Will This Really Trigger a Breakout to the Upside? Prepare for Big Profit Opportunities in 2021... Please enjoy, and have a great week! 10 Chart Patterns You Should Know How to Read Chart Pattern #10: Symmetrical Triangle A symmetrical triangle is a chart pattern where the slope of the price's highs and the slope of the price's lows meet at a point where it forms a triangle of equal length. This formation means the market is making lower highs and higher lows. This means the buyers and sellers are still stuck in tug-of-war stalemate.  No one's pulling far enough to make a clear trend. That explains the wedges or price resistance between the initial trend line and support level as seen below. Click here to discover more about this chart pattern that every trader should know… as well as some tips for how to use these chart patterns to make more profitable trades every day! Crude News Prices should remain firm over the near-term as long as the market can hold above the mid $42.00 price area.  The trigger point for an acceleration to the upside will occur with price breaking the mid $46.00 price area.  The weekly chart shows that there is plenty of room to the upside over this level with the mid $53.00 price area being the next likely target. In order to generate the momentum needed to trigger the breakout to the upside, traders are going to have to continue to remain optimistic that vaccines and stimulus will increase demand expectations. However, there is still a risk that the increased demand will get pushed further and further into 2021 as experts predict a massive surge in COVID-19 cases after the Christmas and New Year's holidays.  Furthermore, there is always the possibility the United States will call for greater restrictions and lockdowns if the pandemic continues to worsen. Want to learn how you can get access to my members-only daily, weekly and monthly energy sector analyses, trade ideas and managed trade alerts? Click right here to view a free training video! Prepare for Big Profit Opportunities in 2021…  This has been anything but a normal year. The way things changed so drastically this year just goes to show how important it is to be prepared. That's why Team Hawkeye has taken the time to prepare our strategy for 2021 and beyond. Our focus is on helping traders like you find opportunities to profit no matter what the future brings. It's why we keep talking about the power of volume. We don't have a crystal ball, of course… But volume-based trading is the only way to accurately predict where the biggest profit opportunities will be. If you want a quick rundown of how you can use this strategy to double your trading account every 36 days and win trades worth  $39,800… $43,100… even $158,600 per trade… Click Here. Weekly Market Analysis Technical Forecast:  Based on last week's price action, the direction of the December WTI crude oil market the week-ending December 11 should be determined by trader reaction to the retracement level at the mid $46.00 price area. Bullish Scenario:  A sustained move over the mid $46.00 price area will indicate the presence of buyers.  If this move creates enough momentum then look for an acceleration to the upside since the nearest resistance is at the mid $53.00 price area. Bearish Scenario:  A sustained move under the mid $46.00 price area will signal the presence of sellers.  If this move generates enough downside momentum then look for the selling to possibly extend into the retracement level at the mid $42.00 price area. This is a potential trigger point for an acceleration to the downside.  However, with the main trend up, buyers are likely to come in on a test of this level. Anthony Speciale Jr Editor & Chief Investment Strategist, Big Energy Profits Hawkeye Traders team1@hawkeyetraders.com hawkeyetraders.com Call us: (888) 233-8598 DISCLAIMER: * Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, and forex markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, stocks or forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Past performance of indicators or methodology are not necessarily indicative of future results. CFTC Regulation 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. 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