June 18, 2013
- in Uncategorized by schooloftrade
Crude Oil Day trading strategy
We have BIG
clues on this morning’s VIP chart for Crude Oil. First, we can see the trading-range is very
narrow coming out of overnight trading in London, which tells us to expect
narrow price-action this morning. We
will buy the lows, sell the highs, and treat this market personality as range-bound
early in the trading session, looking for the market personality to change to a
breakout personality. We have support levels
below us, resistance levels above us, and we will be looking for price-reversals
at each of these levels this morning as we trade this range-bound market today.
clues on this morning’s VIP chart for Crude Oil. First, we can see the trading-range is very
narrow coming out of overnight trading in London, which tells us to expect
narrow price-action this morning. We
will buy the lows, sell the highs, and treat this market personality as range-bound
early in the trading session, looking for the market personality to change to a
breakout personality. We have support levels
below us, resistance levels above us, and we will be looking for price-reversals
at each of these levels this morning as we trade this range-bound market today.
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