April 18, 2012
- in Uncategorized by schooloftrade
Crude Oil Advanced Price Structure gives us easy support
We can see that Crude Oil is trading in a short term bullish channel, and that channel is qualified as an advanced price structure because of the way it has played out. Members, log into your advanced course and learn this if needed. With that said, when crude oil drops to the lows we have major channel support at 103.15 where we will look to take profit on our short trades and then reverse our position and look for buying opportunities.