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Market Psychology Of A Trap Morning On Crude Oil Futures; SchoolOfTrade.com
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We came in today to find Crude Oil playing a bit of the trap game sticking buyers in a bad position before dropping the bottom out. This initially looked as though it was going to go range bound for the rest of the day.
We then had a strong sentiment shift with buyers once again not able to get back to highs and sellers dominating the market and slamming the market lower for a new bear trend potential for the short term movement.