Friday, January 10, 2014

Crude Oil Opening Bell Analysis

9:15am EST:  we completed our opening-bell analysis and we found that Crude Oil had closed at the lows of the day on Thursday, followed by an opening-print at the highs from Thursday with a big gap up on the morning session.

We can speculate that due to a lack-luster jobs report at 8:30am EST this morning that the buyers and the bullish market sentiment we saw overnight may soon come back down as price-action collapses off the PHOD.


Our plan is to look for selling-opportunities as we come below the PHOD and look for taking profit at the value area levels below us, along with the ultimate target at the PLOD at 91.24.

===========================================================
Want to see us trade LIVE?  Click here to register for the Free Trial!
Automated Trading Strategy; Let the Computer do the trading
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier Live trade-room as an Advanced Member

No comments:

Post a Comment

Thank you for your comment! Your comment will be reviewed and posted asap, thank you for your patience.