Monday, August 29, 2016

Market Psychology Of A Weak Range Open On Crude Oil Futures;

We opened up the day with a strong gap lower with buyers appearing to want to fade the breakout attempt down which is expected to cause a rally on the open.

This rally completely failed to even show up allowing the sellers to begin fading the highs forming a range on the morning instead. This range held true all morning during the US morning session causing a weak range bound open to form!

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