Looking To buy Lows and Sell Highs on Crude

Crude Oil Futures:

1015am EST

– Crude oil futures are falling asleep on us right now trading sideways after the big jump up to 79.50

– The best options on crude oil are to wait to buy the lows and sell the highs.

– Buy the trend line as support around 79.00 and I will buy the 92 if we break to the downside

– If we rise to the highs im going to sell the 40 and sell the 47 looking to take the price back down into the sideways trading range.



Scalping Crude Oil Futures

  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
– We open the 13-range chart on crude oil and we can see a much bigger picture and the larger move setting up below us.

– Entry short below 92 will be a 2-step reversal price pattern off these highs, and looking to cover this short position ½ at 75, ¼ off 55, and soft target of 18 and a hard target of 60 all the way to the lows of the previous trading range.



Day Trading Crude Oil Futures



Russell Futures:

1035AM EST

– We see a inverted head and shoulders pattern on the 13range chart, which shows signs of a price reversal

– I don’t have the pattern on my 13range, so I look for the pattern on the faster 4range chart for my entry above 680.8

– This will be a scalper entry so use the standard scalping trade management strategies.



Reversal On Russell Futures

  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Scalping Russell Futures