November 6, 2014

Support and Resistance Trading The Crude Oil Futures; SchoolOfTrade.com

Selling the second attempt at resistance allowed us to bank a quick 86 ticks to the downside this morning!
In today’s video we see a fake-break low giving us resistance to trade off of and prices quickly respected that area.

This gave us an opportunity to sell the breakdown of that resistance for a beautiful $860 on a VERY fast move lower!

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Support and Resistance trading is the pure essence of how the markets move and when you see an area hold as well as it did today, it is hard to ignore! Prices actually came back to that same level and offered up ANOTHER sell for even more profit if you missed the first one!

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