Tuesday, August 16, 2016

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

We came in today to find a dead flat range. The buyers and sellers were battling over yesterdays movement and just not able to get going ANYWHERE at all. This tells us one obvious thing: buy low and sell high.

We had a very nice drive down to range lows where buyers immediately slammed the market right back up into the highs where they reversed to push the market back down to lows where they reversed again! Phew! What a mouth full, but that is the kind of day we are in and it is VERY important to not lose sight of this rotation!

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