Wednesday, May 21, 2014

Crude Oil Futures Day Trading Strategy; Buying the WAVE back long

Crude 6JJ Bar
I am watching Crude Oil push higher on some very aggressive bullish buying this morning into a 123 Wave setup.

I am waiting for price to come back to 103.68-103.54 to buy it right back up again. If it falls below that, I will also be buying 103.33-103.07.

As the market rises back higher, I will be using the initial swing first as my first target at 104.29 as well as higher to the extended target at 105.04.

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