Wednesday, May 14, 2014

Crude Oil Futures Day Trading Strategy; Buying the dips of this bullish movement

Crude 16JJ Bar
I am watching Crude Oil Futures catch a BIG block of buying pressure smacking price higher and higher.

I am waiting for price to pullback to buy it at 101.74, 101.63, and 101.54 to push price right back up again. If it falls lower than that I will also be buying the BMT back at 100.82.

The targets to the upside will be the initial high first at 102.60's with the next runner target all the way back at the previous swings at 103.68.

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