Thursday, May 26, 2016

Market Psychology Of Big Round Numbers On Crude Oil Futures; SchoolOfTrade.com



Today we see Crude Oil opening up right on top of the big $50.00 / barrel mark and we quickly saw snap selling right into that price showing us that buyers had little to no interest up there to start the day off.

We then see even further evidence of buyers giving up right at the top once again for sellers to swoop back in and SLAM the market lower back into the channel formation from the prior day!

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