Monday, June 23, 2014

Crude Oil Futures Day Trading Strategy; Selling the WAVE to new lows

Crude 12JJBar
Crude Oil had a VERY nice block of selling volume after the gap higher dropping prices below the cloud and BMT's.

I am waiting for price to retrace back up to sell at 106.76-106.90 back down to new lows again with a follow through from the sellers.

The first target will be the initial swing low at 106.15 with the final projection target lower at 105.40.

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