An update on the monthly chart for the XLE energy EFT as the sector appears to fall out of favor with the monthly chart looking to post a bearish engulfing candle. However, we were already aware the price action in the XLE was likely to come to a pause and probable reversal with the failure to take out the volume band of the volume point of control (vpoc). As one of our most powerful indicators, the vpoc not only gives us the structure of the chart in terms of whether the price action is in trend or congestion but also gives us key volume-based support & resistance levels and zones.
In addition, last month's candle also triggered our volatility indicator so a retrace into the spread of the candle was highly likely, particularly when accompanied by low volume. The vpoc itself (yellow hatched line) marks the area on the chart which could be described as being 'fair value' where traders &...
https://youtu.be/D_nEohi6pOA
Day Trading Futures and Why the Oil Price Collapsed
Day trading futures offers excitement and opportunity. Oil futures are especially volatile. A sudden collapse in oil prices can create sharp moves. Traders must understand the drivers to capitalize.
Reasons Behind the Oil Price Collapse
Oil prices collapsed due to oversupply and weak demand. Geopolitical tensions eased, releasing stored oil. Economic slowdown fears reduced consumption. Volume price analysis (VPA) showed heavy selling volume at highs—classic distribution.
Day Trading Strategies During Collapse
In such events, focus on momentum or reversals. High volume down candles confirmed bearish trend. Quantum indicators on NinjaTrader spotted exhaustion points. Short entries with tight stops worked well. Anna Coulling's VPA approach helped navigate the chaos.
Oil collapses highlight futures volatility. Use Quantum tools for clear signals and disciplined day trading. Stay prepared for big moves.
Oil Trading Fundamentals: Supply, Demand, Weekly Inventories, and OPEC Politics
Oil trading is driven by volatility. Prices swing on global events. Understanding fundamentals is key. Supply and demand set the foundation....
Another excellent session trading the ES emini futures contract using the Quantum Trading tools and indicators, and with several volume price analysis lessons along the way!
https://youtu.be/IalzFuRCU1g
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