Bollinger Bands Oil Trading Strategy Summary

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

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

Since Bollinger Bands uses crude oil price volatility to determine the crude 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.