Monday, June 9, 2014

Crude Oil Futures Day Trading Strategy; Buying the WAVE to new highs

Crude 6JJBar
I am watching Crude Oil continue to push into new highs breaking into a large 678 leg higher back above 104's.

I am waiting for price to pullback a bit for us to buy at 103.85-103.76 as well as 103.63-103.47 to push back to a new high.

The targets on the way up will first be at the initial swing of 104.24 and a projection target sitting up at 104.72.

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