October 24, 2012
- in Uncategorized by schooloftrade
Crude Oil Morning Prep:
 |
| CRUDE OIL DAY TRADING |
Crude Oil futures
trading in a narrow consolidation this morning after 3 consecutive days moving
lower. Just like a marathon runner needs
a break for a few days after a long run, so do the markets we trade.
Lower-highs and
higher-lows overnight tell the story of an indecisive market personality. We know this market sentiment is a range-bound
market.
higher-lows overnight tell the story of an indecisive market personality. We know this market sentiment is a range-bound
market.
As price
falls we are looking to buy-the-lows at support and as price rises we want to sell-the-high
at resistance.
falls we are looking to buy-the-lows at support and as price rises we want to sell-the-high
at resistance.
