Crude Oil day trading plan

We can see Crude
Oil Futures have rolled forward to the 05-13 contracts, and both our anchor and
entry charts are giving us big clues for today’s price-action.

The anchor
chart shows that we have previously tested major support and we can assume now
the buyers are going to push this to test overhead resistance so we know to
look for the buying opportunities as the high-percentage-trades this morning
and tomorrow until something changes.

The entry
chart for Crude Oil shows us plenty of trading opportunities this morning both
long and short.  First, we can see price-action
trading higher and about to fail at the weekly highs, which will be a selling
opportunity using the InsideOut Set-up short. 
Our profit-target on the short side will be the trend line and the PLOD at
92.33.  Second, we know that we’ve made
new higher-highs this morning so there is potential for a successful breakout
set-up if we can shrug off the sellers and see new higher-highs above the 94.67
we know the sellers have lost control and the buyers will take this price-action
higher most likely in an attempt to the test major resistance we located on the
anchor chart previously this morning.

Our day trading
plan is simple.  If we move to new higher-highs
we are buying long and will use the anchor chart to find the resistance and the
profit-target.  If the sellers take
control, we will look for entry signal short below the PHOD and use the trend
line and the PLOD as our profit-target.  Join us HERE.