Tuesday, August 23, 2016

Market Psychology Of A Breakout Morning On Crude Oil Futures; SchoolOfTrade.com



Today we opened up with a small gap down for buyers to attempt a breakout pullback kind of move back to the Monday lows. The buyers didn't want to show up to the party though and fell right back down again.

This move lower was sold to objective where we found more support for a possible move back up. Not only that, but we were aggressively trapping in sellers meaning there is a good chance of a strong breakout and boy, Crude didn't disappoint there!


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