Monday, May 2, 2016

Price Action Trading The Pullback On Crude Oil Futures;

Today we see Crude Oil starting off the day with a nice move up off the lows and bullish support running with price with heavy buying pressure shutting down the sell moves.

This gave a big clue on what to expect with a nice move back up to highs and into resistance at 45.99 before seeing the buyers get out and shoot the market lower again. 

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