Tuesday, July 12, 2016

Market Psychology Of A Pullback Morning On Crude Oil Futures; SchoolOfTrade.com

We came in this morning to see a nice large gap higher from Monday with the EU session having all the fun. This big push up is likely going to get a pullback if the buyers can't show up right from the start to keep the train moving higher.

The buyers couldn't hold the open gap higher and we got the pullback. Price pushed down into the EMA where buyers immediately stepped in and bought it right back up for a gorgeous run right back to the highs once again!

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