Thursday, July 14, 2016

Price Action Trading The Range Breakout Failure On Crude Oil Futures;

We started off the day with a bit of a slower tempo than the last week with price moving mostly in a range sentiment with weak trends forming, but not sticking around for very long. This gave us clues to look to buy low and sell high and stay out  of the middle.

We had the sellers attempt a breakout lower of the range which failed and made it look likely the buyers were going to take it but they also failed. This will have trapped a TON of buyers in for a stop run back to the lows once again!

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