Wednesday, June 29, 2016

Price Action Trading The Crude Oil Inventories;

We came in today to a very slow market overall going in a range for the most part of the morning session. This led into the inventory numbers which smashed price higher kicking it out of the range mentality forcefully.

This large move higher is likely going to have buyers waiting to buy the pullback thinking they missed the move up and chasing it which should cause a nice quick bounce for the move to finish itself off to the upside before going into a range.

Test-Drive our Advanced Membership  Click here to register for the Free Trial!
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier trade-room as an Advanced Member

No comments:

Post a Comment

Thank you for your comment! Your comment will be reviewed and posted asap, thank you for your patience.