Thursday, June 30, 2016

Market Psychology Of A Holiday Weekend Trading Range On Crude Oil Futures; SchoolOfTrade.com



Today we find the market in a bit of a range bound mood ahead of the holiday weekend. This is very common to see and that means that this is likely going to be a range type day and we need to buy low, sell high, and stay out of the middle until we have room!

The buyers from Wednesday open up to a HUGE gap lower showing that they were dead wrong in holding overnight and are going to try to look to average out. Along with that, we have sellers seeing this as an opportunity to dive in ahead of a possible bear trend day which makes the day a range! Assume the breakouts fail and fade the high and low and you will do A-OK!

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