April 16, 2013
- in Uncategorized by schooloftrade
Crude Oil Day Trading Charts
8:00am EST
 |
| Crude Oil Weekly |
We’ve bounced off the weekly buy-zone at 87.77 and we’re looking for rising prices
this morning as a result of this major support.
It will be interesting to see if the ‘bounce’ we saw was nothing more
than a short-covering-rally at the end of this move and whether or not we will
re-test these lows again or have a full price-reversal and move back higher.
this morning as a result of this major support.
It will be interesting to see if the ‘bounce’ we saw was nothing more
than a short-covering-rally at the end of this move and whether or not we will
re-test these lows again or have a full price-reversal and move back higher.
| Crude Oil Daily |
The daily
chart of Crude Oil shows us the same ‘bounce’ off major support, this time the buy-zone
was at 86.91. One very big clue we see
from the daily chart is the symmetry support at 82.15. We LOVE trading symmetry and we know this
price will be drawn lower to fulfill the mission of symmetry. Look for price-action to move below the 86.21
and we’re looking for entry signal short down to a profit-target at the 82.15
symmetry.
chart of Crude Oil shows us the same ‘bounce’ off major support, this time the buy-zone
was at 86.91. One very big clue we see
from the daily chart is the symmetry support at 82.15. We LOVE trading symmetry and we know this
price will be drawn lower to fulfill the mission of symmetry. Look for price-action to move below the 86.21
and we’re looking for entry signal short down to a profit-target at the 82.15
symmetry.
 |
| Crude Oil 4-Hour |
The 4-hour
chart of Crude Oil shows us the first sell-zone of this morning trading session
today. We will look to trade with the long-term
trend (short) and we need to test a sell-zone in order for us to sell
short. Waiting for price-action to test
the 89.45 and then we will look for the price-reversal and when we see price-action
moving lower we will enter short with a profit-target at the buy-zone
below us
at 86.82.
chart of Crude Oil shows us the first sell-zone of this morning trading session
today. We will look to trade with the long-term
trend (short) and we need to test a sell-zone in order for us to sell
short. Waiting for price-action to test
the 89.45 and then we will look for the price-reversal and when we see price-action
moving lower we will enter short with a profit-target at the buy-zone
below us
at 86.82.
 |
| Crude Oil Hourly |
The hourly
chart of Crude Oil shows us the sell-zone at 88.42 uo to 89.22 and this is
easily a location to look for the price-reversal and the selling opportunity down
to 86.89 buy-zone. Join us HERE.
chart of Crude Oil shows us the sell-zone at 88.42 uo to 89.22 and this is
easily a location to look for the price-reversal and the selling opportunity down
to 86.89 buy-zone. Join us HERE.
