Thursday, May 26, 2016

Price Action Trading A Wedge Breakout On Crude Oil Futures;

We came in today to see Crude Oil lifting off the lows a bit with an ascending wedge pattern going higher and buyers defending the bear moves. This then led into a HUGE breakout candle showing the buyers want it more than ever.

This gave a gorgeous move up for a push to the breakout point targets and through the $50.00 / barrel area to finish the job higher and tag the big level that everyone and their brother is watching.

Test-Drive our Advanced Membership  Click here to register for the Free Trial!
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier trade-room as an Advanced Member

No comments:

Post a Comment

Thank you for your comment! Your comment will be reviewed and posted asap, thank you for your patience.