May 16, 2013
- in Uncategorized by schooloftrade
Rocket-ship named Crude Oil? Can sellers keep this market down?
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| Crude Oil Weekly |
Crude Oil Weekly:
As we turn
the corner into the bottom-half of OPEX week, after seeing some incredible trading
opportunities already, we begin with the weekly chart of Crude Oil and we see a
clue right away in this week’s bearish-red candlestick.
the corner into the bottom-half of OPEX week, after seeing some incredible trading
opportunities already, we begin with the weekly chart of Crude Oil and we see a
clue right away in this week’s bearish-red candlestick.
We don’t see candles
like this very often, do we?
like this very often, do we?
A bearish-red
candle tells us this price-action opened at the highs, pushed ALL the way down
to create the wick, and now has found a way back up to the highs where it
began. This type of weekly candle tells
us the sellers took control early in the week, but the buyers erased those ‘losses’
with a rally after today’s 10:30am EST Inventories Report.
candle tells us this price-action opened at the highs, pushed ALL the way down
to create the wick, and now has found a way back up to the highs where it
began. This type of weekly candle tells
us the sellers took control early in the week, but the buyers erased those ‘losses’
with a rally after today’s 10:30am EST Inventories Report.
 |
| Crude Oil Daily |
With this type of
volatility & market personality, this weekly candle tells us to expect a
lot more trading opportunities as we finish up the week.
volatility & market personality, this weekly candle tells us to expect a
lot more trading opportunities as we finish up the week.
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