Wednesday, August 27, 2014

Crude Oil Futures Day Trading Strategy; Selling resistance back to new lows

Crude 6JJBar
Crude Oil attempted to push lower but only formed a fake-break low and quickly snapped higher.

I am looking for prices to rise higher to sell at 94.49 right back down to test the lows once more.

The first target will be at structure of 94.24 with the final target below at 93.76.

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