April 1, 2013

Crude Oil day trading plan

Crude Oil day trading

Using our
anchor chart this morning we can see the bullish price-channel has been broken
with new lower-lows and we’re making a run towards our first buy-zone this
morning at 96.40.  the low of this buy-zone
is 96.26 so that is our final support level before we can assume this support has
been broken and we will then start selling short.

Our buy-zones for today are 96.41 –
96.26, 95.77-95.58, 95.39-95.21. 

Our sell-zones are 97.86-97.36.

Crude Oil day trading
We can see
that we had an InsideOut Set-up trigger short late night on Easter-Sunday, so this
trade was off-limits for most of us.  We
will be looking for the price-action on Crude Oil to test the PLOD at 96.28
this morning and then we will be looking for a price-reversal set-up to get
long at this support, or if the sellers are too strong, we will sell short
below the PLOD as the market personality will be considered bearish.  
Join us HERE.

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