February 2, 2012

CRUDE Oil day trading strategy mid-morning for professional traders

Crude Oil futures have been great to us this morning using the simple trading strategy we defined earlier today.  We’ve seen lower lower and we used a retracement to get into the sell side and made 2 Fast Track Winner and picked up a ton of profit.

Now the market personality is slowing down ahead of Ben Bernanke speaking on the budget, and so with the price at the trend line and double-top support 06 96.00 we need to be aware this personality is changing so beware the fake-out breakouts to the short side and look for price to reverse off these lows and we will buy when we get above the Previous Low of Day > 97.15

Day trading strategy for Crude Oil

    schooloftrade

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