Monday, July 11, 2016

Price Action Trading The Buyers Strength On Crude Oil Futures;

Today we came in to see somewhat of a multi-trend type day. The market trends down for a while, then up, and repeats this process for most of the day typically. When we have one side completely shutting down the other, that is a HUGE clue that we may be in for a burst.

We saw price come into resistance at 45.12 where sellers would likely try to sell into but they couldn't get ANYTHING going before getting slapped right back up again with buyers shutting them down for a big leg to the upside!

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