May 29, 2013

Crude Oil Day Trading Strategy

Crude Oil 15-Minute

We can see crude oil testing the lows of the price wedge, so we are looking for buying opportunities as price rises off the lows.  We will take profit targets at 95.01, 95.22 and 95.50 area on the way up.  We also remember this price action has been very 2-sided today so take our profit quickly, and keep that stop loss relatively tight.

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