Crude Oil day trading strategy

We have a strong bear price channel with lots of easy resistance
levels overhead to give us clues for where to sell when price rises. Now this goes against the heat map on the dollar
index so we need to beware this price action may get sloppy as it tries to push
higher into resistance with the dollar index moving lower. We will have to wait and see what the crude market
personality looks like if it tests the resistance overhead. Ideally, the bear price channel says to sell
sell sell at resistance.

We can also see an inside trading day, with the buyers
clearly failing above the PHOD so this is ANOTHER big clue and reason to sell
new lower-lows with retracements.

Our day trading strategy for Crude Oil needs to
be careful because the dollar index heat map says to be a buyer, however buying
into the resistance trend lines overhead is not part of our trading plan, so
lets keep an eye on the market personality as price tries to move higher. If price moves lower we have the 89 and 55
range trigger lines as support 102.50 and 102.28 so we need to clear this support
and then start selling retracements aggressively. Remember, the dollar index correlation MAY
break down if the technical’s on the Crude Oil have their way.