Monday, August 22, 2016

Market Psychology Of A Strong Range Morning On Crude Oil Futures;

Coming in today we were expecting to see a nice bear trend working lower after the overnight session slammed down through Sunday. This didn't end up being the case as the bears appeared to have finished their objectives before the market even opened up.

This led to a sturdy range formation instead during the US morning session allowing us to look to FADE the breakout attempts instead assuming they are going to fail right back to the other end again!

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