October 2, 2013
- in Uncategorized by schooloftrade
Crude Oil Day trading strategy; SchoolOfTrade.com
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| Crude Oil Anchor Chart |
Crude Oil has been moving lower over the long-term trend with
a clear bearish price-channel and lower-lows over the last few weeks. This long-term trend appears to be coming to
an end, with clearly sideways price-action without any new higher-highs or lower-lows
and we have drawn support and resistance levels above and below it.
a clear bearish price-channel and lower-lows over the last few weeks. This long-term trend appears to be coming to
an end, with clearly sideways price-action without any new higher-highs or lower-lows
and we have drawn support and resistance levels above and below it.
Our day trading plan will be to treat this as a sideways-trading-range
which means we want to buy-the-lows at support and sell-the-high at resistance while
avoiding trading opportunities in the middle of the trading-range.
which means we want to buy-the-lows at support and sell-the-high at resistance while
avoiding trading opportunities in the middle of the trading-range.
