April 22, 2013
- in Uncategorized by schooloftrade
Crude Oil Day Trading Plan
7:30am EST
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| Crude Oil 4-Hour Anchor |
Crude Oil trades
sideways through the eyes of the 4-hour anchor chart this morning, with a Monday
morning ahead this may be a clue of things to come in the first few hours of
the US trading session.
sideways through the eyes of the 4-hour anchor chart this morning, with a Monday
morning ahead this may be a clue of things to come in the first few hours of
the US trading session.
The 60-Minute
anchor chart shows us testing the 89.00 sell-zone and now moving lower. This is a big clue because when we test this ‘supply
zone’ we know that price-action will now move into a buy-zone which is below us
at 87.52.
anchor chart shows us testing the 89.00 sell-zone and now moving lower. This is a big clue because when we test this ‘supply
zone’ we know that price-action will now move into a buy-zone which is below us
at 87.52.
 |
| Crude Oil Hourly Anchor |
FYI:
there is a new double-top on the 60-Minute anchor chart which will
provide us with additional support below starting at 87.66.
there is a new double-top on the 60-Minute anchor chart which will
provide us with additional support below starting at 87.66.
30-Minute
anchor chart shows us the sideways-trading-range we are currently trading
within. We can see the central pivot
right in the middle of the range with a recent test of the sell-zone 89.02 and price-action
appears to be moving lower towards the buy-zone below at 88.09.
anchor chart shows us the sideways-trading-range we are currently trading
within. We can see the central pivot
right in the middle of the range with a recent test of the sell-zone 89.02 and price-action
appears to be moving lower towards the buy-zone below at 88.09.
