Tuesday, September 6, 2016

Market Psychology Of A Range Open On Crude Oil Futures; SchoolOfTrade.com



We come in today from the holiday weekend to find Crude Oil working aggressively lower in the EU session causing a very steep gap lower. The open left a lot to be desired for the sellers though causing a bit more of a range sentiment to take hold.

This was met with an initial morning breakout lower that was bought right back up for a push through the highs and likely to find sellers above to do the same to the lows. Ranges mean we need to be selling high and buying low!


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