Crude Oil setting up for price reversal

hey guys, im watching crude oil right now and you can see we’re at the highs of our price channel.



my entry short needs to be below 86.00 and im taking 1/2 my trade off at 85.00 and the 2nd half at 84.10.

I can see plenty of support at 84.00 and its about 50% of the move from 84.00 to 86.00.

for a longer term move, wait for price to pullback to 84.00 and we’re looking to buy this level of support for the next push back up to 87.00.

there is a LOT of money in these markets right now, so plan ahead and take these trades when they trigger

this should be a nice short trade for us tomorrow morning, for now we wait for price to trigger short.

members will review this in our training on wednesday, see you there!

    schooloftrade

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    ryan w - November 9, 2010 Reply

    Thanks J

    Anonymous - November 9, 2010 Reply

    When will this start going down, before morning?

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