Crude Oil Inventories day trading strategy

We have crude oil futures trading at the channel highs, and the price wedge highs around the big round number of 100.00.  we are expecting higher inventories today, and when we see the DEMAND reading we can react to the news accordingly.

Bottom line:  we want to sell the highs on crude oil futures, and when the news comes out bearish on crude oil we need to wait for new lower lows and sell the new LL’s with a retracement.

Crude Oil day Trading Strategy using Inventories

UP-DATE ON CRUDE OIL:  We’ve sold the highs for over 100 ticks of profit, now simply waiting to re-enter short below 98.27 major support.  Our final target on crude oil short will the lows of the wedge and the PLOD around 96.50.