June 20, 2013
- in Uncategorized by schooloftrade
Crude Oil Day trading strategy
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| Today’s News Schedule |
We have major
economic news on the calendar this morning starting with Jobless Claims at
8:30am EST. We have the Philly Fed
Index & Existing Home Sales at 10:00am EST this morning, and for all the Natural-Gas
traders we have Inventories at 10:30am EST. Join us HERE.
economic news on the calendar this morning starting with Jobless Claims at
8:30am EST. We have the Philly Fed
Index & Existing Home Sales at 10:00am EST this morning, and for all the Natural-Gas
traders we have Inventories at 10:30am EST. Join us HERE.
 |
| Crude Oil Daily |
This morning
we can see that the sell-zone overhead has held with too much supply entering
the market after the FOMC Report on Wednesday, and prices have dropped off the
recent highs as we go into the opening bell in the US morning trading
session. We have defined a daily support
level of 95.43 below us this morning, which should be a target for the sellers
over the next 2 days.
we can see that the sell-zone overhead has held with too much supply entering
the market after the FOMC Report on Wednesday, and prices have dropped off the
recent highs as we go into the opening bell in the US morning trading
session. We have defined a daily support
level of 95.43 below us this morning, which should be a target for the sellers
over the next 2 days.
 |
| Crude Oil VIP |
The 5-minute
chart on Crude Oil shows us a narrow trading range, and we are right in the
middle of the overnight trading session.
This market personality tells us that ANYTHING can happen this
morning. We expect to see short term
bullish market sentiment this morning as the traders in the US return to their
desks, however we do not know if these bulls will last very long because of the
bearish news from the FED on Wednesday. Join us HERE.
chart on Crude Oil shows us a narrow trading range, and we are right in the
middle of the overnight trading session.
This market personality tells us that ANYTHING can happen this
morning. We expect to see short term
bullish market sentiment this morning as the traders in the US return to their
desks, however we do not know if these bulls will last very long because of the
bearish news from the FED on Wednesday. Join us HERE.
The day
trading plan this morning for Crude Oil is to determine the market sentiment as
we come off major news from the FED and look for clues to see where the traders
are going to go from here. We can easily
see prices jump higher this morning after the big sell-off overnight, but we
would also see the sellers come back in this morning and this price may keep
tumbling lower. As of 8:00am EST we are
selling at resistance, and buying at support and waiting to see where the long-term
trend will be this morning so we can trade along with it.
trading plan this morning for Crude Oil is to determine the market sentiment as
we come off major news from the FED and look for clues to see where the traders
are going to go from here. We can easily
see prices jump higher this morning after the big sell-off overnight, but we
would also see the sellers come back in this morning and this price may keep
tumbling lower. As of 8:00am EST we are
selling at resistance, and buying at support and waiting to see where the long-term
trend will be this morning so we can trade along with it.
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