June 4, 2013

Crude Oil Price Levels for Tuesday; Did someone say SHORT?

Crude Oil 4-Hour anchor
Crude Oil 4-Hour:

The
240-Minute chart shows us even more clues for short-selling opportunities.  
We can see the bear price-channel and the trigger-zone
resistance at 93.59 that has held-off the buyers as we push lower.  We can expect to see a test of 91.76 if the
buyers can’t hold off the sellers.  Look
for a slight bounce at the 92.50 area which is about 50% of the move off the
new lower-lows at 91.26. 
I’m trading short this evening and into tomorrow.
It’s very easy to see the sellers will be trying to
test the lows of this price-channel and we will be selling short with retracements
on our Entry-Trigger Indicator along with them.

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