Tuesday, August 2, 2016

Price Action Trading The Sellers Breakout On Crude Oil Futures; SchoolOfTrade.com



We came in today to find Crude Oil working higher with nice bullish movement but when we reached into the prior month and week levels, we saw the market sentiment shift quite a bit. The bullishness was no longer there looking for further movement but instead, taking profit at the highs.

This gave us a clue of potential failure where buyers will want to buy much lower to get better pricing giving way to the sellers control for a while on the move down.


===========================================================
Test-Drive our Advanced Membership  Click here to register for the Free Trial!
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier trade-room as an Advanced Member

No comments:

Post a Comment

Thank you for your comment! Your comment will be reviewed and posted asap, thank you for your patience.