Crude Oil Day Trading Strategy

Economic news today:

This morning
is Quadruple
Witching Friday, which means today is the final trading day before all
4 asset-classes expire on Saturday. The
result of this will be lower-than-usual trading volume, and a lack of
consistency in the price-action on our charts.
Traders are encouraged to trade lightly this morning, using smaller
contract sizes, and being more conservative with risk-management.

Crude Oil Daily Chart:

Crude Oil Trading Strategy

It appears
we were very accurate in our Thursday morning prediction of a sell-off and this
morning we finish up a week of trading with a large GAP in price on the daily
chart with price sitting on top of the 95.43 buy-zone, which was identified
earlier this week. This daily chart
tells us that we are sitting at support on this chart, which means we may see a
rally this morning back higher, or the buyers may fail and this price can keep
tumbling lower back to the 92.00 level.

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