Monday, May 2, 2016

Market Psychology Of A New Month Of Trading On Crude Oil Futures;

Today we open up in the month of May! Whenever there is a new month, last months levels tend to act as an area of interest for the better part of the first few days and that is exactly what we have today!

The month of May on Crude Oil ended in on a very strong positive note close to its highs making the new prior month levels very interesting to play around with. This gave huge resistance to Crude Oil on the closing price before slamming the market lower!

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