Tuesday, May 31, 2016

Price Action Trading The Breakout Move On Crude Oil Futures; SchoolOfTrade.com



Today we come back from a long holiday weekend with the market acting quite slow overall and possible range bound. This means we need to look to buy low and sell high and wait for breakout moves for trades.

This gave a HUGE run higher on a breakout move up with sellers completely falling apart at the lows triggering in a flood of buy orders to continue the move up to the illustrious $50 / barrel mark just above as the objective!

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