August 30, 2016
- in Uncategorized by schooloftrade
Market Psychology Of A STRONG Range Breakout On Crude Oil Futures; SchoolOfTrade.com
We opened up today to find Crude Oil in a VERY slow and tight range. We know what to do from there — buy low and sell high. Something interesting happened though; we have news come out of Iran causing a HUGE spike down in price shifting the sentiment completely.
This breakout now tells us that sellers may be looking for a big move lower and attempting to double the news up for huge targets below. This will cause more and more sellers to pile in and shove the market down as far as they can get it to go for a breakout of the range!
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