Tuesday, June 7, 2016

Price Action Trading Exhaustive Movement On Crude Oil Futures; SchoolOfTrade.com



Today we see Crude Oil showing some very nice movement overall but a lot of back and forth with buyers buying low and sellers selling high. Most big moves are failing to continue and we are showing lots of struggle around the big $50 mark.

We then have a huge push lower into the lows that completely fell apart into a bull bounce right back up showing the bears gave the move everything they have and are likely going to exit now off the $50 level for a bounce higher.

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