April 28, 2013
- in Uncategorized by schooloftrade
Crude Oil Daily price-levels; Can the buyers grab control, or will the sellers seize the moment?
Crude Oil Weekly:
 |
| Crude Oil Weekly |
Our weekly anchor chart shows us closing out last week just
off the highs, almost perfectly in-tune with the trend line acting as
resistance from above. The amazing
aspect of last week was certainly the aggressive buying back upcoming only a
week after the big collapse. This weekly
chart shows serious resilience for the buyers, and we will be looking for clues
going into this week to see who grabs control out the gate Monday morning.
off the highs, almost perfectly in-tune with the trend line acting as
resistance from above. The amazing
aspect of last week was certainly the aggressive buying back upcoming only a
week after the big collapse. This weekly
chart shows serious resilience for the buyers, and we will be looking for clues
going into this week to see who grabs control out the gate Monday morning.
Crude Oil Daily:
 |
| Crude Oil Daily |
Our daily anchor shows more details than the weekly, such as
the trend line drawn from swing-highs, but one BIG clue that we may not notice
is the lack of sell-zone we’ve drawn at 94.00.
We still haven’t seen confirmation from the buyers or sellers as-to WHO
is in control at this point, all we know right now is the closing bell on
Friday sent everyone home. This should
be an exciting beginning of the week. A
close below 91.75 will give the sellers new life to the downside, and a close
above 94.00 would mean higher prices for sure.
As you can see, this is setting up to be a battle for control and there
are easy trading opportunities to be had at the close Monday night.
the trend line drawn from swing-highs, but one BIG clue that we may not notice
is the lack of sell-zone we’ve drawn at 94.00.
We still haven’t seen confirmation from the buyers or sellers as-to WHO
is in control at this point, all we know right now is the closing bell on
Friday sent everyone home. This should
be an exciting beginning of the week. A
close below 91.75 will give the sellers new life to the downside, and a close
above 94.00 would mean higher prices for sure.
As you can see, this is setting up to be a battle for control and there
are easy trading opportunities to be had at the close Monday night.
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