April 4, 2013
- in Uncategorized by schooloftrade
Crude Oil Trading ahead of the Opening Bell
9:30am EST
 |
| Crude Oil Trading |
Crude Oil attempted
to move higher off the new lower-lows this morning but the buyers quickly
failed, which gave us the confidence to return to the sell-side of the
market. We placed our profit-target at
the weekly buy-zone of 92.48 and our stop-loss was trailed using the trigger-zone
and the change in the short-term trend.
We exited our position before the profit-target was filled ahead of the
opening bell at 930am EST and with a change in the trend on the 144-tick chart.
to move higher off the new lower-lows this morning but the buyers quickly
failed, which gave us the confidence to return to the sell-side of the
market. We placed our profit-target at
the weekly buy-zone of 92.48 and our stop-loss was trailed using the trigger-zone
and the change in the short-term trend.
We exited our position before the profit-target was filled ahead of the
opening bell at 930am EST and with a change in the trend on the 144-tick chart.
