June 10, 2013
- in Uncategorized by schooloftrade
Crude Oil day trading plan
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| Crude Oil Hourly Chart |
The hourly
chart of Crude Oil shows us a bullish price-channel and we have price-action moving
lower off the highs. We can see support at
the price-channel lows around 95.00 which we will use a profit-target for
short-selling and an ideal location for a price-reversal and a buying opportunity. If prices move below the 95.00 we will look
for addition levels of support below such as 94.50 to look for another buying
opportunity this morning.
chart of Crude Oil shows us a bullish price-channel and we have price-action moving
lower off the highs. We can see support at
the price-channel lows around 95.00 which we will use a profit-target for
short-selling and an ideal location for a price-reversal and a buying opportunity. If prices move below the 95.00 we will look
for addition levels of support below such as 94.50 to look for another buying
opportunity this morning.
