Wednesday, May 11, 2016

Market Psychology Of A Wedge Open On Crude Oil Futures;

Today we see Crude Oil opening up directly on top of wedge resistance at the highs which will likely cause a move down on buyers taking profit and sellers fading into the move. 

This were further solidified with a HUGE bear candle open allowing sellers to continue the drive down for an even larger downside target ahead of the news this morning!

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