January 12, 2015

Crude Oil Futures Day Trading Strategy; Selling resistance back to the lows

Crude 6JJBar

Crude Oil had a fake-break low which we moved off of and are now running into formed resistance.

I am looking to sell at 46.43, 46.64, 46.76, and 46.97 to push prices back to the lows again.

The first target will be in the middle at 46.20 with the final target lower at 45.90.

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