October 8, 2013
- in Uncategorized by schooloftrade
Crude Oil Day trading strategy; SchoolOfTrade.com
 |
| Crude Oil Anchor CHart |
Crude Oil is trading higher this morning in a bullish long-term
trend with trend-line support below and major trigger-zone resistance above at
105.45. we will buy pullbacks using the wave-pattern-long
with a profit-target at the 105.45 and then we will look for a selling-opportunity
at those highs.
trend with trend-line support below and major trigger-zone resistance above at
105.45. we will buy pullbacks using the wave-pattern-long
with a profit-target at the 105.45 and then we will look for a selling-opportunity
at those highs.
 |
| Crude Oil Set Up Chart |
The set-up chart on Crude Oil shows another bullish market
sentiment and trend price-channel along with support levels at 103.27 and 102.89. We can see the resistance levels at 103.84
and 104.09 are holding strong at this time, but the short-term trend is clearly
bullish so we will be looking buying opportunities today as long as this
continues.
sentiment and trend price-channel along with support levels at 103.27 and 102.89. We can see the resistance levels at 103.84
and 104.09 are holding strong at this time, but the short-term trend is clearly
bullish so we will be looking buying opportunities today as long as this
continues.
