April 26, 2013
- in Uncategorized by schooloftrade
Day trading levels for Crude Oil Friday
 |
| Crude Oil 60-minute |
Crude Oil
60-Minute:
The hourly anchor chart shows us the test of a sell-zone at
93.85-94.02 and the big wick to the test-candle shows us some weakness at this
level. We will be looking for a
price-reversal to get price moving back lower off this sell-zone for easy
selling opportunities, but remember if price moves higher we will need to
either take a higher-risk long trade up to 94.74 OR we will wait for the test
of the 94.74 and then sell short when it reverses lower from there.
93.85-94.02 and the big wick to the test-candle shows us some weakness at this
level. We will be looking for a
price-reversal to get price moving back lower off this sell-zone for easy
selling opportunities, but remember if price moves higher we will need to
either take a higher-risk long trade up to 94.74 OR we will wait for the test
of the 94.74 and then sell short when it reverses lower from there.
 |
| Crude Oil 30-Minute |
Crude Oil
30-Minute:
30-Minute:
The half-hour anchor chart shows us much of the same thing we’ve already seen today from previous charts.
We can see the sell-zone overhead at 93.64-93.72, followed by another
sell-zone at 94.74. we will look for a
drop in prices to get us selling short from this sell-zone. We will look for a break and close below the
93.16 swing-low and then sell short down to 91.32-91.11.
We can see the sell-zone overhead at 93.64-93.72, followed by another
sell-zone at 94.74. we will look for a
drop in prices to get us selling short from this sell-zone. We will look for a break and close below the
93.16 swing-low and then sell short down to 91.32-91.11.
