January 6, 2015

Crude Oil Futures Day Trading Strategy; Buying support back to the highs

Crude 6JJBar

Crude Oil formed a fake-break high before falling right back off again forming support below.

I am looking to buy this support at 48.62 and 48.30 to push prices right back up to the highs again.

The first target will be in the middle at 49.10 with the final target above at 49.46.

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