April 16, 2013
- in Uncategorized by schooloftrade
Crude Oil day trading plan
745am EST
 |
| Crude Oil Hourly Chart Sell Zone |
Crude Oil has
retraced higher this morning into our first sell-zone of the US morning-session. We are looking for a reaction at this price
level to make our first trading decision.
If we react with lower prices we will sell short (with the long-term
trend) down to the buy-zone for a profit-target at 86.89. If prices keep rising higher we know the
sellers are weak or the buyers are too strong, either way we will have higher-risk
long trades going up into this sell-zone until we break above 89.22 when we can
then buy using a counter-trend entry. Join us HERE.
retraced higher this morning into our first sell-zone of the US morning-session. We are looking for a reaction at this price
level to make our first trading decision.
If we react with lower prices we will sell short (with the long-term
trend) down to the buy-zone for a profit-target at 86.89. If prices keep rising higher we know the
sellers are weak or the buyers are too strong, either way we will have higher-risk
long trades going up into this sell-zone until we break above 89.22 when we can
then buy using a counter-trend entry. Join us HERE.
