Monday, August 29, 2016

Price Action Trading The Range Breakout Failure On The Crude Oil Futures;

We came in today to find Crude Oil working in a very well defined range. This range had the sellers attempting to push lower into the bottom with a breakout but quickly fail on the open. This pop higher came back to retest showing more buyers at the lows once again.

This break down came back to retest the lows and very quickly failed with buyers below the lows looking to fade the range aggressively popping the market higher for a very fast move back up once again to the range highs!

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