Tuesday, May 20, 2014

Crude Oil Futures Day Trading Strategy; Selling the highs of the range

Crude 8JJ Bar
I am watching Crude Oil bounce higher back above the BMT's and clouds to a new high.

I am waiting for price to get up to 102.43 and 102.71 to sell it back down with a test of the highs that were defended before.

I will be targeting the BMT's first back at 101.94 as the first scale target with my overall target sitting down at the lows of this move at 101.83 - 101.70.

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