Tuesday, June 10, 2014

Crude Oil Futures Day Trading Strategy; Selling the WAVE Magnet to a new low

Crude 6JJBar
I am watching Crude fall after a failed attempt to move higher which didn't stick. We are now below the first BMT with a cross lower.

I am waiting for price to come back to sell at 104.74-104.81 and if it can go higher, I am also interested in selling 104.92-105.06.

The target on the way down will be first at the initial swing which falls nearly on top of the BMT at 104.41 with the final target back to new lows at 104.01.

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