Monday, June 6, 2016

Market Psychology Of A Range Morning On Crude Oil Futures;

Today we see Crude Oil with a HUGE run higher on the ETH session but the RTH is painting a different picture. We have very weak overall movement and showing more signs of a range then a continued trend.

This told us that we need to be buying low and selling high with a bit of emphasis on the buy low side of things given the ETH movement. All breakouts are assumed to fail so look for a breakout and go against the move!

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