Wednesday, June 8, 2016

Market Psychology Of An Opening Drive Reversal On Crude Oil Futures; SchoolOfTrade.com



We came in today to see Crude Oil forming a HUGE gap higher on the RTH open leading into a weak bull move. This was likely do to all of the EOD buyers from yesterday taking profit causing a bit of a move lower.

This move lower was on large exhaustion where the sellers completely failed to continue causing a HUGE spike higher right back up to finish the buyers off at the highs before seeing the sellers fade the newly found range!

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