May 31, 2013
- in Uncategorized by schooloftrade
BIG Clues tell us to BUY Crude Oil Futures
 |
| Crude Oil Daily |
Crude Oil Daily:
Daily anchor
chart shows us we saw a big gap-down this morning, we tested the trigger-zone at
91.97 and closed much higher on the day.
This is a very important clue from the last 2 daily candlesticks. This tells me that sellers tried, and
failed. On top of the sellers failing
the buyers clearly took control because this green candlestick closed near the
highs of the day session and we will expect this to mean higher prices
overnight and into tomorrow morning on the way back up to test the price-wedge highs
at 95.25. Click here to view ALL of the Daily
price-levels
chart shows us we saw a big gap-down this morning, we tested the trigger-zone at
91.97 and closed much higher on the day.
This is a very important clue from the last 2 daily candlesticks. This tells me that sellers tried, and
failed. On top of the sellers failing
the buyers clearly took control because this green candlestick closed near the
highs of the day session and we will expect this to mean higher prices
overnight and into tomorrow morning on the way back up to test the price-wedge highs
at 95.25. Click here to view ALL of the Daily
price-levels
Look for buying opportunities on the
way up to 95.25 on Thursday evening and early Friday morning.
way up to 95.25 on Thursday evening and early Friday morning.
 |
| Crude Oil 4-Hour |
Crude Oil 4-Hour:
The
240-Minute chart shows us 2 important clues this morning. First, the bear price-channel we’ve defined
makes this an easy buying opportunity on the way to the highs of the price-channel,
but the BEST trading opportunities will come selling the highs of the bear price-channel
and taking our profit-target all the way down at the lows. The second clue we get is this trigger-zone from
94.29 down to 93.79. This is going to
act as the line-in-the-sand between the buyers and sellers taking over control
of price action on Friday morning. Click here to view ALL of the Daily
price-levels
240-Minute chart shows us 2 important clues this morning. First, the bear price-channel we’ve defined
makes this an easy buying opportunity on the way to the highs of the price-channel,
but the BEST trading opportunities will come selling the highs of the bear price-channel
and taking our profit-target all the way down at the lows. The second clue we get is this trigger-zone from
94.29 down to 93.79. This is going to
act as the line-in-the-sand between the buyers and sellers taking over control
of price action on Friday morning. Click here to view ALL of the Daily
price-levels
If we get a 5-Minute candle close above
the 94.29 we will buy pullbacks up to a profit-target at 95.22 and 95.50 price-channel
highs.
the 94.29 we will buy pullbacks up to a profit-target at 95.22 and 95.50 price-channel
highs.
If the
sellers are too strong, we will look for selling opportunities with prices
moving below the trigger-zone lows of 93.79 and look for a profit-target at the
91.76 double-top support level below us.
sellers are too strong, we will look for selling opportunities with prices
moving below the trigger-zone lows of 93.79 and look for a profit-target at the
91.76 double-top support level below us.
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