April 5, 2013
- in Uncategorized by schooloftrade
Crude Oil Pulls back ahead of Non Farm Payroll News
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| Crude Oil Pulls Back |
We’re watching Crude Oil Futures pull back into the ‘trigger zone’ as we head into the 8:00am hour this morning. We’ve seen a drop of 550 ticks this week already, and we’re looking for this important ‘zone’ to tell us clues as to where we will be headed next.
If price rises higher above the ‘trigger zone’ we will be bullish going into the morning session, however, if we drop back below this price will be expected to re-test the weekly lows at 92.12 and we will be looking for selling opportunities.
