April 23, 2013
- in Uncategorized by schooloftrade
Crude Oil Morning Prep; Today’s Price Levels
 |
| Crude Oil Daily |
Crude Oil Daily:
The daily chart of Crude Oil is telling us the window is
wide open for the buyers to move this price-action higher this morning. We have a trigger-zone overhead at 90.72 so
look for this level to be the price-magnet first today as prices push
higher. If we move lower we have a buy-zone
at 86.91 where we will see demand enter the market.
wide open for the buyers to move this price-action higher this morning. We have a trigger-zone overhead at 90.72 so
look for this level to be the price-magnet first today as prices push
higher. If we move lower we have a buy-zone
at 86.91 where we will see demand enter the market.
 |
| Crude Oil 240-Minute |
Crude Oil 4-Hour:
We can see the sideways-trading-range on the 240-minute
chart very easily today, which presents us with both buying and selling
opportunities. We will Buy-the-lows at 86.58
and sell-the-high at 89.39, 89.73 and 90.24.
This 4-hour chart hasn’t needed an update in almost 24 hours, so we know
this price-action is sideways.
chart very easily today, which presents us with both buying and selling
opportunities. We will Buy-the-lows at 86.58
and sell-the-high at 89.39, 89.73 and 90.24.
This 4-hour chart hasn’t needed an update in almost 24 hours, so we know
this price-action is sideways.
 |
| Crude Oil 60-minute |
Crude Oil
60-Minute:
The hourly chart of Crude Oil shows us the most detailed
information, along with the high-percentage-trades we will most likely see this
morning. We can see the bullish price-channel
has been ‘adjusted’ from Monday night, and we have a new price-channel buy-zone
that we have recently tested and moved higher.
We are taking a short pit-stop at the trigger-zone of 88.64-88.84 but
this should only be a short term bounce, and we should expect to see prices
moving higher as we finish the trading session here in the US at 8:00am EST.
information, along with the high-percentage-trades we will most likely see this
morning. We can see the bullish price-channel
has been ‘adjusted’ from Monday night, and we have a new price-channel buy-zone
that we have recently tested and moved higher.
We are taking a short pit-stop at the trigger-zone of 88.64-88.84 but
this should only be a short term bounce, and we should expect to see prices
moving higher as we finish the trading session here in the US at 8:00am EST.
Look for a short term pullback in prices as we test the trigger-zone
at 88.64 but this will most likely reverse and move higher as the day
progresses.
at 88.64 but this will most likely reverse and move higher as the day
progresses.
 |
| Crude Oil 30-Minute |
Crude Oil
30-Minute:
The 30-Minute chart shows us a recent test of the 88.13 buy-zone
and now we can see price-action moving higher on this faster timeframe anchor
chart. This price-action shows the
pullback we were discussing last night in the daily price-levels and this
morning we can see price-action moving from buy-zone up to sell-zone. We will be looking for buying opportunities
up to a profit-target of 89.39 with a partial profit-target on the way at
88.84.
and now we can see price-action moving higher on this faster timeframe anchor
chart. This price-action shows the
pullback we were discussing last night in the daily price-levels and this
morning we can see price-action moving from buy-zone up to sell-zone. We will be looking for buying opportunities
up to a profit-target of 89.39 with a partial profit-target on the way at
88.84.
Crude Oil ValueArea Bracket:
·
VAH = 89.06
VAH = 89.06
·
POC = 88.68
POC = 88.68
·
VAL = 88.40
VAL = 88.40
Are you ready to
learn how to use these important trading clues?
learn how to use these important trading clues?
