Crude Oil day trading strategy uses the Previous High of Day

Day trading strategy for Crude Oil puts us in the middle of
the major price channel

We can see Crude Oil futures trading off the highs of the
major bull price channel and just above the PHOD.  We can see a short term bear price channel and
we just recently tested the highs of the price channel.   The bear
price channel tells us the higher percentage trade is to sell the highs of the price
channel as resistance.  We also see the price
wedge so we want to sell the highs/resistance and buy the lows/support of the price
wedge as well.

We look to sell the highs of the range as price rises, and
buy the lows of the range as price falls. 
We sell retracements below 104.21 but we’re looking for buying
opportunities on the way down.  If price
goes above 107.40 we can buy pullbacks however we are selling as price rises up
to that level.

We can see the short term bear price channel and the price
wedge pattern along with the PHOD just below us.  As price rises I’m selling the price channel highs,
and the resistance above the price channel at 107.43.  as price falls I’m selling below the PHOD as
the buyers have failed.  I’m using the trigger-zone
in the middle of the price wedge as an easy profit target for my short
trades.  When we get below 105.40 we can
then sell retracements again down to the price channel and price wedge lows.  Look to buy the lows of the price channel and
the lows of the price wedge as support.