Monday, January 13, 2014

Monday Morning Crude Oil Analysis

Crude Oil Anchor Chart
We are back to our desks this Monday morning and we can see there is no major news on the calendar this morning following Friday's Non Farm Payroll Report, which tells us we need to stay patient for the real money to enter the market this morning as traders return back to their desks from the weekend.

As we look at charts we can see immediately that we are bearish on the anchor chart, so we are looking for selling opportunities at resistance levels until that changes.  

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