April 4, 2013
- in Uncategorized by schooloftrade
Crude Oil Anchor Chart Up-Date:
 |
| Crude Oil Trading |
The Crude
Oil 30-Minute anchor chart shows us testing a major buy-zone at 92.79 (see last
night’s review) and we know that the big drop in price will likely result in a
big POP in price back up into the range we’ve started from today. We’re looking to buy now after the 9:30am EST
open after seeing this major support and knowing that the market personality is
exhausted from falling to new lower-lows in a very short period of time. Target for the buyers are 93.75 and 94.03.
Oil 30-Minute anchor chart shows us testing a major buy-zone at 92.79 (see last
night’s review) and we know that the big drop in price will likely result in a
big POP in price back up into the range we’ve started from today. We’re looking to buy now after the 9:30am EST
open after seeing this major support and knowing that the market personality is
exhausted from falling to new lower-lows in a very short period of time. Target for the buyers are 93.75 and 94.03.
Crude Oil reversed
off the 30-minute buy-zone at 92.79 and gave us an easy entry trigger to buy
long with a profit-target at the 30-minute sell-zone at 93.75. We then used our 144-tick chart to find a
short term bearish AB=CD Pattern which was used to adjust the profit-target down
a little to the 93.65 area. We were
filled long by 4 contracts, took profit at the projected completion of the AB=CD
Pattern at 93.64.
off the 30-minute buy-zone at 92.79 and gave us an easy entry trigger to buy
long with a profit-target at the 30-minute sell-zone at 93.75. We then used our 144-tick chart to find a
short term bearish AB=CD Pattern which was used to adjust the profit-target down
a little to the 93.65 area. We were
filled long by 4 contracts, took profit at the projected completion of the AB=CD
Pattern at 93.64.
