June 17, 2013
- in Uncategorized by schooloftrade
Crude Oil Day trading strategy
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The 4-hour
chart of Crude Oil shows us this big bullish price-channel with a projected
high at 100.23 before we pull back and re-test the lows. We can see there are only a few sell-zones
above us acting as resistance standing in our way before we test the 100.0
big-round-number. Look for easy
profit-targets on the way higher at 98.61, 99.29, 100.00 and 100.23. This 4-hour chart continues to tell us the
bulls are in control, so we are buying pullbacks on the way higher.
chart of Crude Oil shows us this big bullish price-channel with a projected
high at 100.23 before we pull back and re-test the lows. We can see there are only a few sell-zones
above us acting as resistance standing in our way before we test the 100.0
big-round-number. Look for easy
profit-targets on the way higher at 98.61, 99.29, 100.00 and 100.23. This 4-hour chart continues to tell us the
bulls are in control, so we are buying pullbacks on the way higher.
