May 1, 2013
- in Uncategorized by schooloftrade
Do these charts KNOW what’s coming from the FOMC Announcement?
 |
| Crude Oil Daily |
Crude Oil Daily:
The daily anchor tells us a big story when the daily candle
was unable to test the 94.74 sell-zone today.
How did we come THAT close and no test?
Looks to me like the buyers may have given up, or is this just a break
from the higher prices for a day and then re-gain the momentum back
higher? That BIG, red, ENGULFING daily
candle tells me there will be selling at the open on Wednesday ahead of FOMC
and Crude Oil Inventories
was unable to test the 94.74 sell-zone today.
How did we come THAT close and no test?
Looks to me like the buyers may have given up, or is this just a break
from the higher prices for a day and then re-gain the momentum back
higher? That BIG, red, ENGULFING daily
candle tells me there will be selling at the open on Wednesday ahead of FOMC
and Crude Oil Inventories
 |
| Crude Oil 60-Minute |
Crude Oil
60-Minute:
60-Minute:
The hourly anchor chart shows us the BIGGEST clue for our
trading tomorrow morning, and that is the bullish price-channel buy-zone at
93.00 area. We have been watching this
same bull price-channel for 2 days now, and we are finally in the buy-zone
looking for price to rise and close above the 93.26 so we can begin looking at
the Entry-Trigger Indicator for our buying opportunity back up to the
trigger-zone 93.87 and then 94.74 should be in the cards by end of the
week. We can easily see this is a great
area to be looking to buy, however, we need to see price-action move higher
early in the trading session on Wednesday, specifically I want to see it push
and close above the swing-high 93.26 to get long.
trading tomorrow morning, and that is the bullish price-channel buy-zone at
93.00 area. We have been watching this
same bull price-channel for 2 days now, and we are finally in the buy-zone
looking for price to rise and close above the 93.26 so we can begin looking at
the Entry-Trigger Indicator for our buying opportunity back up to the
trigger-zone 93.87 and then 94.74 should be in the cards by end of the
week. We can easily see this is a great
area to be looking to buy, however, we need to see price-action move higher
early in the trading session on Wednesday, specifically I want to see it push
and close above the swing-high 93.26 to get long.
