Friday, October 4, 2013

Crude Oil Day trading strategy;

Crude Oil Anchor Chart
Crude Oil is trading just below the big-round-number of 104.00 this morning inside the range from Thursday and inside a sideways-trading-range on the anchor chart.
We can see resistance above at 104.60 as well as support below at 102.72 and with this range-bound market personality we see today we want to buy the support and sell the resistance as the day develops.

Our most important price levels this morning will be the PHOD at 104.38 and the PLOD at 103.12.

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