April 11, 2013

Thursday Morning Prep; SchoolOfTrade.com Day Trading Strategy

Do not wait to strike till the iron is hot; but make it hot by striking.
– William B. Sprague

Crude Oil Futures
are trading lower this morning off their overnight highs of 94.82.  We can see this morning that Crude Oil has
completed an AB=CD Symmetrical Pattern which has provided major resistance at
the highs, and we’re looking for price to drop to support levels at 94.15 this
morning. 

We can see that trigger-zone resistance at 94.60
is the line in the sand for Crude Oil this morning

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