November 1, 2010

Crude Oil Futures Struggling, We Have Two Options

Crude Oil Futures:

10:45am est

– Crude oil futures struggling to tell us where they want to go next

– The big jump above 83.00 and trying to hold and the sellers are looking to pull it back down

– We have two opportunities for trading:

o To buy the break back into the range above 52

o To sell the highs with a 2-step pattern entry below 20



Day Trading Crude Oil

Russell Futures:

11:15am est

– The Russell futures fell from the highs of the wedge pattern and our members know to always look to sell those highs

– Now we are at the lows of the trading range (704.0) and im looking to buy the lows.

– Entry long for this reversal pattern will be above 704.8 and the final target is the trend line overhead.



Day Trading Russell futures



    schooloftrade

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