Monday, January 5, 2015

Crude Oil Futures Day Trading Strategy; Selling the larger half-back WAVE to new lows

Crude 6JJBar
Crude Oil has caught a very aggressive move lower down into the low 50's and setting up a nice looking half-back WAVE.

I am looking to sell a retrace back to 51.32-51.51 to push prices right back down to the lows again.

The first target will be near the low at 50.70 with the final target lower at 50.05.

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