Wednesday, June 8, 2016

Price Action Trading The Range Top On Crude Oil Futures;

We came in today to see a HUGE spike higher which led into a range on the top. This bull bias to the range tells us that we need to put the edge on the buyers side and, although we want to buy low and sell high, buying low will be a much better chance.

We had a large run to the lows which is where a vast amount of buyers began getting in just under the range low which quickly reversed the market right back up to the highs of the range and through it to do the same on the other side!

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