Tuesday, June 24, 2014

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

Crude 12JJBar
Crude Oil had a very nice looking fall short after failing to push higher with a 123 reversal off of the highs back below the BMT's and cloud.

I am waiting for price to retrace back to sell from 106.31-106.56 as well as higher from 106.92-107.37 back to the lows again.

The first target will be back at the initializing low at 105.25 with the final target lower at 103.94.

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