Crude Oil Futures trading in a bullish price channel

Crude
Oil Futures trading in a bullish price channel with the PLOD right below us and
sitting on major trigger-zone support.  This key level of support along with the inverted
hammer candlestick pattern tells us the buyers are not strong enough, and the
sellers are barely hanging on to control as we sit on this support.  Our plan of attack today on Crude Oil is to
sell below 87.50 trigger-zone support and take profit at the price channel lows.  Keep in mind we may not have enough room by
the time we get down below 87.50 so if we’re too close to the price channel lows,
sit on hands for the short, and wait to buy the price channel lows.  If price rises this morning we can buy pullbacks
using our wave pattern above 88.60 being extra careful trading in the middle of
the range.