Monday, May 16, 2016

Market Psychology Of A Strong Trend Day On Crude Oil Futures;

Today we come into the market with a HUGE up swing in Crude Oil showing buyers mean business today and have meant business since the Sunday ETH open. This heavy buying pressure tells us to stay as far from selling as possible and buy every pullback.

Strong trend days like this can often trap counter-trend traders in the market trying to pick the top. The important thing is NOT do that and understand that others will. This understanding can easily spark breakout moves on the highs due to the stop orders up there which further fuels the upward momentum!

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