Wednesday, June 29, 2016

Market Psychology Of An Inventory Day On Crude Oil Futures;

We came in today to see Crude Oil quite bullish from the end of the day yesterday into this morning with a nice gap higher allowing the buyers to take some healthy profits off the table to start their mornings off.

This gave a quick counter move lower where we had buyers come right back in once again on "cheap" prices to push the market back up into the inventories which also came out VERY bullish. After the massive move up on news, we look to trade the reaction which gave a beautiful bounce right back up once again!

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