Monday, July 18, 2016

Price Action Trading The Bear Trend Retrace On Crude Oil Futures;

We came in today to find CL getting battered over the EU session and it continued into the US session with sellers heavily on the table and continuing to push the market down on any attempt the buyers get.

This lets us know that there should be only one direction in mind -- down. We need to look to sell at any retrace as well as any bull trap knowing that the bears are in full control and will likely use those as stop runs through the lows.

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