Crude Oil day trading strategy

Crude Oil 89 range chart is our slowest timeframe and it
shows us the major swing highs and lows, the major price structure and the most
important levels of support and resistance. 
This morning we have Crude Oil trading at the lows of the price wedge,
which tells us the higher percentage trades will be to the LONG side.  Along with the technical pattern on the Crude
Oil we have a dollar index correlation which is telling us to look for selling
opportunities, so we need to keep an eye on the dollar index today.

Ideally, when the dollar index tests the highs of its bull price
channel (13range) we then will get the dollar index moving lower and we can buy
these lows on the Crude Oil.

If price keeps going lower on Crude Oil with the dollar
index moving higher through its resistance 79.500 area we then have some
trouble.  If the crude moves lower we
have a hard time selling at the lows of the price wedge, and furthermore, we
always expect to see fake-out breakouts when price moves lower below price
wedge or price channel lows.  So its
going to be important that if Crude Oil moves lower that it does so on HIGH
VOLUME with CLEAR SELLERS in control before we start selling retracements.  Ideally, we like to see Crude Oil make a new lower-lows,
stall out, and then reverse so we can buy the 
lows here.

If dollar index moves through overhead resistance we can
take the short trades selling retracements on Crude Oil below the PLOD.  Remember though, at some point the lows of
the price channel below 104.31 and the sellers will lose control and we will
BUY the lows of the price channel.