Wednesday, July 9, 2014

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

Crude 8JJBar
Crude Oil has fallen quite hard off of the highs into a solid 9th wave lower with quite a bit of strength.

I am waiting for price to come up a bit with a profit taking rally to sell  once again at 103.05, 103.30, 103.45, and 103.70 back to new lows.

The first target will be the previous structure sitting at 102.80 currently with the final target back to the lows of 102.40.

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