Crude Oil; Profit from a Sideways-trading-range

Crude Oil Daily Chart

Crude Oil Daily:

Daily anchor chart shows us more sideways-trading-ranges
this evening with a big wick showing up on today’s candlestick. We already know this market personality is
trading sideways so we can use this daily chart as a big clue that not much
changed in today’s trading session, and the market personality is still very much
‘in balance’.

Crude Oil 60-Minute Chart

Crude Oil 60-Minute:

The hourly anchor chart shows us the bearish trend price-channel
which told us to sell short on Monday this week, and this evening we can say
the same will be true for Tuesday. The
bearish price-channel tells us to sell the highs and sell resistance overhead
as the high-percentage-trades until that price-channel stops containing price-action. We look closely and can see the trigger-zone support
at 94.80 which is causing this sideways-trading-range.

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