April 30, 2013

Crude Oil Daily price-levels; We closed above 94.00…now what?

Crude Oil Weekly

Crude Oil Weekly:

We can see the weekly chart pushing higher this evening, and
with today’s close above the 94.00 big-round-number we can assume there will be
more buying overnight tonight.  We are
surely bullish after looking at the weekly anchor chart.
Log in for ALL the Daily price-levels


Crude Oil Daily
Crude Oil Daily:
Our daily chart needed to close > 94.00 this evening and
we certainly did exactly that.  This
tells us the buyers are here to fight their way higher, but looks like they
have to go through the sell-zone at 94.74 in order to get above the 95.10 on
the way up to 97.02.  Look for a close
above 95.10 on Tuesday for continued bullish pressure up to 97.02 later this
week.  A close BELOW 94.74 tomorrow will
leave the door wide open for a price-reversal heading into FOMC Day on
Wednesday
Log in for ALL the Daily price-levels

Click
here to attend the Trader’s Summit 2013 with JJ and SOT
Related Posts

Grind-Break Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro

Momentum Channel & Range Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro

Fractal Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro

Head-Fake Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro

Trading with “Context” | Crude Oil, Emini, Nasdaq, Gold & Euro

Stop Missing the Best Trades | Crude Oil, Emini, Nasdaq, Gold & Euro

Earn More with Confirmation | Crude Oil, Emini, Nasdaq, Gold & Euro

4 Ways to Profit from Reversals | Crude Oil, Emini, Nasdaq, Gold & Euro

    schooloftrade

    Click Here to Leave a Comment Below

    Paul - April 30, 2013 Reply

    Thanks JJ, your charts and analysis shows a strong diligence to deliver a superior product and thus keep everyone under your care in the winning mode. I like more and more of what I am seeing from this group.

    Leave a Reply: