Monday, September 26, 2016

Market Psychology Of A Crude Oil Futures Range To Trend Shift;

Coming in today to find Crude Oil Futures gapping higher with a range start to the day. We are looking to buy low, sell high, and stay out of the middle where we can looking for breakouts to fail. Eventually a breakout will occur, but initially expected to be faded.

We transitioned aggressively into a trend day with a VERY aggressive breakout move higher with sellers failing to take it back down. This gave clues to become a buyer at least in the short term to continue the bullish momentum up!

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