May 7, 2013
- in Uncategorized by schooloftrade
Crude Oil prices on the verge of collapse? Daily price-levels are posted!
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| Crude Oil 4-Hour Price Levels |
Crude Oil 4-Hour:
The 240-minute anchor hasn’t changed much over the last 24
hours. We can see the clear test and
failure at the 97.01 sell-zone with the big wicks at the top of the two
candlesticks. We can also see a quick
test of the trigger-zone support below us but we never closed inside the trigger-zone. More recently we can see the price-action moving
lower into the same trigger-zone we tested at the opening bell this morning in
our live trade-room. We can see lower-highs
and lower-lows on the way back into the trigger-zone support which leads us to
believe we will be selling short overnight tonight and tomorrow morning in our live
trade-room.
hours. We can see the clear test and
failure at the 97.01 sell-zone with the big wicks at the top of the two
candlesticks. We can also see a quick
test of the trigger-zone support below us but we never closed inside the trigger-zone. More recently we can see the price-action moving
lower into the same trigger-zone we tested at the opening bell this morning in
our live trade-room. We can see lower-highs
and lower-lows on the way back into the trigger-zone support which leads us to
believe we will be selling short overnight tonight and tomorrow morning in our live
trade-room.
 |
| Crude Oil 30-Minute Price Levels |
Crude Oil
30-Minute:
30-Minute:
Our 30-minute anchor chart is great for scalping and partial
profit-targets using our slower buy and sell-zones. This evening we can see plenty of buy and
sell-zones to use in our day trading plan.
We can use any of the sell-zones above us for a price-reversal and a
short trade. We can use any of the buy-zones
below us for a price-reversal and a long trade.
We want to wait for a breakout of this price-wedge (trend Lines) and
look to buy or sell using one of these zones defined on our chart.
profit-targets using our slower buy and sell-zones. This evening we can see plenty of buy and
sell-zones to use in our day trading plan.
We can use any of the sell-zones above us for a price-reversal and a
short trade. We can use any of the buy-zones
below us for a price-reversal and a long trade.
We want to wait for a breakout of this price-wedge (trend Lines) and
look to buy or sell using one of these zones defined on our chart.
