Friday, July 18, 2014

Crude Oil Futures Day Trading Strategy; Selling Resistance above us to new lows

Crude 6JJBar
Crude Oil started the day out in a nice down trend but now is forming fake-break lows in consolidation.

I am waiting for price to pop a bit higher to sell at 102.36 as well as a bit higher at 102.59 back to a new low.

The first target will be the BMT's sitting in the middle currently around 102.11's with the final target back to the lows at 101.76.

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