April 5, 2013

Crude Oil 5-Minute Prep

Crude Oil 5-Minute Prep

We can see this 5-Minute gives us both bullish AND bearish clues at this time, just after the Opening Bell in the US at 930am EST.  We have been buying the lows this morning, but after the bell we have seen market personality change to become sideways.  We expect to trade inside the range from 92.40 up to 92.75 until we can get some change in personality.  Look for the 5-minute candle to close above/below these levels for the biggest clues on what we will do next.

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