Wednesday, September 7, 2016

Market Psychology Of A Trend Failure On Crude Oil Futures;

We came in today to find Crude Oil attempting a very nice bear trend right from the start of the 900EST open. This led into some very nice legs down but all they managed to accomplish was filling the gap before finding a ton of support.

This support began leading us to believe that the day was more likely going to go range bound with all of the weak follow through with objectives back at the highs where sellers are likely going to sell into the move assuming more failure!

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