Monday, July 18, 2016

Market Psychology Of A Range Confirmed Morning On Crude Oil Futures;

We came in today to find a nice strong gap lower on the RTH session with sellers from Friday having a great morning. Unfortunately, with so many sellers taking profit at the open, we then began seeing a conversion of a trend in to a range with buyers buying low and sellers selling high.

This type of sentiment conversion requires a bit of extra proof so when you get a chance to be a buyer, a lot of times it is better to wait for a secondary signal and today gave a TON of them to work with for a solid morning of trading!

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