April 5, 2013
- in Uncategorized by schooloftrade
Crude Oil day trading plan
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| Crude Oil Weekly |
The weekly
chart reminds us that we’ve tumbled from the extreme highs all the way down to
the extreme lows, which tells us that we are looking for a price-reversal and
the high-percentage-trades this morning will come buying the lows of this
trading range. We also know that if price-action
wanted to move lower the sellers would have really work hard to move this price-action
lower with all the support trend lines and buy-zones below us.
| Crude Oil 60 Minute |
The weekly
chart doesn’t show us as much detail as the 60-minute and 30-minute anchor
charts. We can see the resistance and sell-zones
overhead on the 60-minute starting at 93.48 and this will make an excellent profit-target
for a buying opportunity off the lows, and if we can break to new higher-highs above
the 93.80 we will be buying long up to the next sell-zone at 94.57. we will
look for the price-reversal at the lows this morning and buy-the-lows with a profit-target
all the way back up at the highs.
chart doesn’t show us as much detail as the 60-minute and 30-minute anchor
charts. We can see the resistance and sell-zones
overhead on the 60-minute starting at 93.48 and this will make an excellent profit-target
for a buying opportunity off the lows, and if we can break to new higher-highs above
the 93.80 we will be buying long up to the next sell-zone at 94.57. we will
look for the price-reversal at the lows this morning and buy-the-lows with a profit-target
all the way back up at the highs.
 |
| Crude Oil 30 Minute |
