August 2, 2016
- in Uncategorized by schooloftrade
Price Action Trading The Sellers Breakout On Crude Oil Futures; SchoolOfTrade.com
We came in today to find Crude Oil working higher with nice bullish movement but when we reached into the prior month and week levels, we saw the market sentiment shift quite a bit. The bullishness was no longer there looking for further movement but instead, taking profit at the highs.
This gave us a clue of potential failure where buyers will want to buy much lower to get better pricing giving way to the sellers control for a while on the move down.
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