October 1, 2013
- in Uncategorized by schooloftrade
Crude Oil Day trading strategy; SchoolOfTrade.com
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| Crude Oil Anchor CHart |
The Crude Oil Futures market is trading sideways this morning
with a slightly-bearish tone to the market sentiment. We recently had a cross on the anchor chart,
however, the anchor chart shows us that we are likely inside the range from
103.77 down to the big-round-number at 101.00.
with a slightly-bearish tone to the market sentiment. We recently had a cross on the anchor chart,
however, the anchor chart shows us that we are likely inside the range from
103.77 down to the big-round-number at 101.00.
We can see from the anchor chart that we have a bearish price-channel
along with 2 resistance zones that we will use for selling-opportunities in the
direction of the bearish trend. We will
sell the resistance at 102.41, 102.73, 103.19 and 103.46. We can also get short at the highs of the price-channel,
so keep an eye out for a rising price-action and then a big collapse later in
the session.
along with 2 resistance zones that we will use for selling-opportunities in the
direction of the bearish trend. We will
sell the resistance at 102.41, 102.73, 103.19 and 103.46. We can also get short at the highs of the price-channel,
so keep an eye out for a rising price-action and then a big collapse later in
the session.
