Wednesday, May 25, 2016

Price Action Trading The Swing Trap Low On Crude Oil Futures;

Today we see Crude Oil in a large range and having trouble getting anything moving in one direction or the other. This tells us we need to be looking to buy low and sell high and look for traps to use to get the move going towards the range extremes.

We had the sellers attempt to push down but were matched by the buyers so we are very likely to see the earlier sellers feeling squeezed and looking to get out with minimal damage. This gives us a swing low trap into a HUGE bull reaction showing us that buyers added more and sellers exited!

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