Tuesday, August 9, 2016

Price Action Trading The Bull Failure On Crude Oil Futures; SchoolOfTrade.com



We came in today with a VERY strong run higher on Crude Oil with buyers falling apart a bit on the rally higher. They might just be looking for a pullback but after a quick jaunt higher, that failed as well showing the sellers may not be done yet.

We know buyers are in control so selling is only short term but with this much failure off the highs and heavy bearish defence, we are looking for buyers to want to buy deeper than we currently are allowing for a push down on a correction!


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