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Trading The Strength Of The Crude Oil Futures Market Higher; SchoolOfTrade.com
Off the move lower we had a HUGE rip up showing massive buyer strength in the move for 134 ticks this morning!
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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Crude Oil is one of those markets that can be a bit wild at times and this was a great example. The flurry of buying pressure told us to look long and with the weak pullback it gave us a perfect shot to get into the move with the flood of buyers.
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