Tuesday, June 28, 2016

Price Action Trading A Trend Reversal On Crude Oil Futures; SchoolOfTrade.com

We come in today to see Crude Oil working on a nice bull trend through the EU session. This drive higher wasn't the strongest movement in the world, but a nice health trend until we came into the NYSE open where it weakened up quite a bit.

This weakening gave us a BIG clue that sellers were beginning to get more confident in the reversal and buyers were no longer looking to hold on for big moves, but instead, taking profit at the highs causing the market to stall out and reverse back down!

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