Mike’s note: Before we get to today’s market insights, a quick thank-you to everyone who joined us for Wednesday’s special presentation, where Jeff taught his 18-year-old son Carson how to trade options.

It was a great time, and hearing how much you enjoyed it was our favorite part of the event.

If you missed it, don’t worry… you can still watch it here. But don’t wait – this presentation won’t be available for long.

Now, onto today’s Market Minute

There’s a Big Move Coming for This Sector

By Jeff Clark, editor, Market Minute

Oil is setting up for a big move…

And, I’m betting it moves higher. Let me explain…

For the past several weeks, the price of oil has been stuck in a relatively tight trading range.

Take a look…

The chart has formed an ascending triangle pattern (the red lines) – which is a series of higher lows, and where the bounces keep running into the same resistance level. This is typically (but not always) a bullish pattern that leads to an upside breakout.

All of the various moving averages are coiled together as the price of oil is nearing the apex of the triangle. There’s lots of energy to fuel a big move. And, all of the moving averages are in a bullish configuration – with the 9-day exponential moving average (EMA) above the 20-day EMA (green line), and the 20-day EMA above the 50-day moving average (MA – blue line).

This setup favors a bullish move. So, I’m looking for a breakout to the upside within the next few days.

If the price of oil can break above the resistance line at about $43.50 per barrel, then the next resistance level is near $48. That’s nearly a 10% move higher from here. A more significant move higher could target the March high at $54 per barrel over time.

Of course, a bullish move in oil should lead to a bullish move in the oil stocks as well.

The energy sector has noticeably lagged behind the rest of the stock market over the past four months. But, if this pattern breaks out to the upside, then the oil stocks could play one heck of a game of catch-up.

Best regards and good trading,

Jeff Clark

P.S. Since I believe options are so simple to learn, and have the potential to multiply your money several times over in short time, I decided to test it out on my 18-year-old son Carson this past Wednesday.

During the presentation, I challenged Carson to double his money using my advice… even though he has no financial experience…

The results were surprising. If you missed it, click here to watch – but don’t wait. This presentation will go offline soon…

Reader Mailbag

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Let us know your answers – and any questions you may have – at [email protected].

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Their plan?

To cut off the drug supply to America – which could cost 230 MILLION lives.

Soon, Americans could see shortages of essential drugs like:

Antibiotics, Tylenol, and vitamin C… to drugs for diabetes, blood pressure, Alzheimer’s… and even chemotherapy drugs.

Anyone concerned needs to watch this video to learn more about this shocking situation…

And, to find out what President Trump and America’s top tech companies are doing to strike back.

Click here now!