Tuesday, June 21, 2016

Market Psychology Of A Morning Range On Crude Oil Futures; SchoolOfTrade.com

Today we open up to a HUGE gap lower showing the end of day buyers from yesterday are in some REALLY deep do-do. This gives us clues that we may have a range start to the day with buyers trying to average down as well as some buyers exiting for the loss making the market a bit balanced.

We did end up seeing the balance play out with buyers attempting to fade their average down while the other buyers were selling out causing a range sentiment in the morning. Knowing this, we need to look to sell high and buy low and stay out of the middle!

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