Thursday, June 19, 2014

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

Crude 6JJBar
Crude Oil has pushed up from its fake-break lows to a new high and is currently completing a 456 WAVE Pattern to the upside.

I am waiting for price to push a bit higher to sell at 106.29 as well as at 106.57 back down to the lows again for another test.

The first target will be the BMT's in the middle first at 105.70's with the final target back at the lows from 105.21-105.06.

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