April 25, 2012

+35ticks Selling Short after Crude Oil Inventories BIG CLUE

Crude
Oil Inventories came out BEARISH and we spoke about this in real-time when it
happened.  With inventories HIGHER and
Demand LOWER we knew this news was bearish, then we needed to see the buyers
fail at support before we jumped into the trade short.  Great trade for +35 ticks!
We JUST took our 2nd Wave Pattern Short on crude @ 1100am EST as price keeps dropping for us after the news!

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