Thursday, August 11, 2016

Market Psychology Of A Breakout Morning On Crude Oil Futures;

Today we opened up with a bull bias right off the bat breaking out of the prior days end of day range formation. This was met with snap buying pressure right back into the range but with a LOT more juice behind the buyers this time around.

Buyers began to form an irrational bullish sentiment where it was so aggressive that ANY pullback was getting bought and any seller attempt was an almost immediate failure!

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