April 2, 2012
- in Uncategorized by schooloftrade
Day trading strategy Crude Oil futures
Crude
Oil futures are trading in a major bear price channel with an AB=CD pattern as support
below us. We are trading below the PLOD so
the sellers are in control and they will keep trying to push lower. If they are successful in pushing price below
levels of support we will then sell retracements with those new lower-lows. If the sellers are unsuccessful and they fail
at the lows of the price wedge and price channel then we will use a price
reversal pattern and buy the lows of the range when we see the sellers fail.
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| Day trading strategy Crude Oil futures |
