Monday, June 16, 2014

Crude Oil Futures Day Trading Strategy; Selling supplied highs at resistance

Crude 6JJBar
Crude Oil has made a quick fake-break low where prices almost immediately shot back up above the BMT's with a cross higher.

I am waiting for price to move up higher to sell at 107.56 as well as higher at 107.87 back down to the lows.

The first target will be the cluster of BMT's in the middle at 107.04 with the final target right back at the lows from 106.79-106.59.

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