April 2, 2013
- in Uncategorized by schooloftrade
Crude Oil day trading plan
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| Crude Oil Weekly |
Weekly
chart: sell zones overhead at 98.93, price-action
will most likely move toward this level today.
Price-wedge shows major resistance overhead this morning, which may make
it tough to move higher this morning.
chart: sell zones overhead at 98.93, price-action
will most likely move toward this level today.
Price-wedge shows major resistance overhead this morning, which may make
it tough to move higher this morning.
 |
| Crude Daily |
Daily Chart:
The daily chart on Crude Oil shows us at the short term symmetry resistance at
the highs of the price-wedge. This tells
us we have lots of concerns over buying this morning. It appears the high-percentage-trades are
short off these highs.
The daily chart on Crude Oil shows us at the short term symmetry resistance at
the highs of the price-wedge. This tells
us we have lots of concerns over buying this morning. It appears the high-percentage-trades are
short off these highs.
4-Hour
Chart: we can see short term buy and
sell zones with resistance at 97.35 so we’re looking to sell as price rises
into this zone. We can see buy zones at
96.40 and 95.80 which we will be looking for the price-reversal set-up to occur
around this levels and a buying opportunity.
Chart: we can see short term buy and
sell zones with resistance at 97.35 so we’re looking to sell as price rises
into this zone. We can see buy zones at
96.40 and 95.80 which we will be looking for the price-reversal set-up to occur
around this levels and a buying opportunity.
 |
| Crude Oil 4 Hour |
60-minute
chart: We can see the short term price-wedge
and the buy-zone below us at 96.40 are big clues this morning. We can see the big WICK to the last 60-minute
candle is telling us a story.
chart: We can see the short term price-wedge
and the buy-zone below us at 96.40 are big clues this morning. We can see the big WICK to the last 60-minute
candle is telling us a story.
 |
| Crude Oil 60-Minute 1-hour |
Our day
trading plan for Crude Oil this morning is to wait for the open to see if the
buyers are going to try and make new higher-highs into this major resistance overhead. We assume if they try there will be a
possible failure, and we will be looking for that failure to take a short trade
off the sell-zone at 97.35. We will be
bearish at the open this morning on Crude Oil and then look to take profit-target
in the buy zones and look for possible buying opportunity with a price-reversal.
trading plan for Crude Oil this morning is to wait for the open to see if the
buyers are going to try and make new higher-highs into this major resistance overhead. We assume if they try there will be a
possible failure, and we will be looking for that failure to take a short trade
off the sell-zone at 97.35. We will be
bearish at the open this morning on Crude Oil and then look to take profit-target
in the buy zones and look for possible buying opportunity with a price-reversal.
