May 23, 2016
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Market Psychology Of A Range Breakout On Crude Oil Futures; SchoolOfTrade.com
We open up on Crude Oil with a HUGE gap lower meaning sellers will likely take some profit on their shorts from Friday causing a little bounce but when the bounce showed up and we should have seen bulls take over, they didn’t — BIG clue that sellers were not done yet. Selling into the […]
Continue reading May 23, 2016
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Price Action Trading The Seller Failure On Monthly Support Crude Oil Futures; SchoolOfTrade.com
Today we come in to see Crude Oil attempting to break down with strength directly into monthly support where we are anticipating seeing buyers defend. This defense was VERY heavy allowing the sellers to know they were wrong and buyers to slam the move higher. Monthly levels are areas of HEAVY interest and this is […]
Continue reading May 19, 2016
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5 Trades for Friday | Crude Oil, Gold, E-mini & Euro Futures 05/19/16
Click here to download today’s charts “Take the first step in faith. You don’t have to see the whole staircase, just take the first step.” –Martin Luther King Jr Notes for Tonight’s Newsletter: Crude, S&P and Gold are all bullish with the Euro trading inside a range after what was a volatile session that saw […]
Continue reading May 19, 2016
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Market Psychology Of A Major Trend Reversal On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil open with a HUGE gap lower into more selling pressure to really drive the market down with a lot of buy traps. This chop whipped buyers out and trapped even more in causing heavy drives lower. Once we made it to the lows we then saw a monstrous bull candle […]
Continue reading May 19, 2016
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Price Action Trading The Bull Failure On Crude Oil Futures; SchoolOfTrade.com
Today we have Crude Oil running lower with quite a bit of aggression. This was met with heavy profit taking off major support at 47.54 before seeing the buyers completely fall apart allowing the sellers to get back in for a move to the lows at a phenomenal price! Big trends like we have from […]
Continue reading May 18, 2016
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4 Strength Trades Thursday | Crude Oil, Gold, E-mini & Euro Futures 05/18/16
Click here to download today’s charts “People become really quite remarkable when they start thinking that they can do things. When they believe in themselves they have the first secret of success.” – Norman Vincent Peale Notes for Tonight’s Newsletter: We have some aggressively bearish markets tonight; Crude Oil responded with strength after the inventory […]
Continue reading May 18, 2016
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Market Psychology Of A Breakout Failure Reversal; SchoolofTrade.com
Today we see a small gap up on the open with a bear attempt to go lower that was completely shut down by the buyers as if to say, not on my turf! This was met with huge buying pressure as more and more sellers realized they were on the wrong side. The flood of […]
Continue reading May 18, 2016
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Price Action Trading The Wedge Breakout Failure On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil attempting a drive lower off the highs but we are in a range since the overnight session. This means that any attempt lower out of the wedge will likely fail and reverse in the direction of the other side of the range. We had a HUGE sell attempt down which […]
Continue reading May 17, 2016
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3 Channels for Wednesday | Crude Oil, Gold, E-mini & Euro Futures 05/17/16
Click here to download today’s charts “The best way to predict the future is to create it.” – Joseph James Notes for Tonight’s Newsletter: The rollercoaster continues this week in the futures markets; Crude Oil is bullish going into major news, E-mini S&P is bearish but expecting a big correction after a double-overshoot of the […]
Continue reading May 17, 2016
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Market Psychology Of A Wedge Morning On Crude Oil Futures; SchoolOfTrade.com
Today we come in to Crude Oil seeing a very small gap up on the day and immediate buy pressure to attempt the breakout of the wedge this morning. This gave a breakout move which came back to retest allowing buyers to load in heavily back to the highs. A lot of times patterns will […]
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