Bollinger Bands Oil Trading Strategy Summary

Bollinger Bands technical indicator is a popular technical analysis indicator which can be used in various ways.

However, like most oil indicators it should not be used alone. Bollinger bands oil indicator work best combined with overbought and oversold oil indicators and oscillators.

Since Bollinger Bands uses crude trading price volatility to determine the oil market trend, crude oil traders should not use technical indicators that duplicate this information. Instead the Bollinger bands crude oil technical indicator should combined with oil technical indicators that measure volume or momentum.