Monday, June 20, 2016

Market Psychology Of A Profit Taking Reversal On Crude Oil Futures;

Today we come in to see a VERY large gap higher from the price action on Friday with a strong bullish continuation. This will mean a LOT of buyers are very happy this morning and will probably take some profit off the table while also looking to accumulate for a bigger move right back up again.

We had a nice pullback on the open where buyers opted to scale in for a move right back up to the highs also trapping sellers along the way and fueling the move even faster!

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