Monday, May 9, 2016

Market Psychology of A Strong Trend On Crude Oil Futures;

Today we see Crude Oil open up with a huge down trend on the ETH session with the RTH session showing potential signs of continuation on the move. This is likely going to give sellers 'new breathe' to push the market further down and continue the trend.

We see buyers try and try but completely fail several times which allowed the sellers to reload and shove the market right back down again with some relatively drastic drops shutting down the buyers.

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