Morning Crude Oil Checklist:

Heat
Map:  What is it telling us?

We have
falling prices this morning

Overnight
Highs & Lows:

We have not
tested the highs opening-range the lows, and this is a very narrow trading
range that is considered an INSIDE DAY.

What
price-structures do we see?

Where
will a reversal be likely today?

The price-reversal
is most likely at the lows of the price-channel which is also at the support from
the trigger-zone.  We can also see the PLOD
is support in the same area.

What is
our trading plan for today?

Our trading
plan this morning is to be patient.  We know
today is going to be filled with opportunity from the hurricane, news from CAD,
and inventories at 1030am est.  The main
issue at the open today is the lack of market personality so discipline to wait
for the speed and market personality to increase is vital.  If price falls to the lows of the price-channel,
I am looking to buy the PLOD, the trigger-zone support, and the price-channel support.  If price rises we have a clue in the
hurricane to expect this to continue, and if we can get up above the PHOD we
will then be very bullish and as long as we stay above PHOD we use
wave-pattern-long to enter with rising prices.