US Dollar shows weakness as Traders prepare for FOMC and Home Sales Data; Crude Oil rises off recent lows

Our 34range chart shows us the following:
– Inside day, below the PHOD and above the PLOD
– Inside day says to trade inside the range you are in. avoid the fake-out breakout and look to buy support, sell resistance, and avoid the middles.
– Bull Channel off the recent lows
– Bull price wedge off the recent swing highs
– Sideways ranges were from the 89range chart
Our plan of attack on crude oil futures this morning @ 930am est:
– Inside day tells me to trade inside the range we are in.
– Buying at support, selling at resistance, and being extra cautious with breakouts, avoid the fake-out breakout.
– Bull channel on crude and the bear channel on the dollar tell me to look for buying at support as the high percentage trades today.
As price falls:
– Buying support and then selling as support turns into resistance using a retracement.
– I do not sell the lows, I buy the lows, or at least we try first.
– Avoiding the OPEN at 94.00
– Buying the low of day at 93.81
– Buying support 93.64, and the lows of the bullish price channel
– Buying 93.40 support
– Avoid 93.00 big round number
– If price keeps dropping we buy support at 92.60
– And avoid the previous open at 92.38 and avoid 92.00 BRN
– Buy the PLOD at 91.51
As price rises:
– I’m selling first at resistance and then buying pullbacks with new higher highs
– I’m buying above the PHOD (buyers will be in charge)
– I’m selling at 94.80 the highs of the bear channel (13r)
– Sell the wedge highs from the 21r blue trend lines 97.75
– Sell the 94.95 resistance, highs of the range
– Selling resistance overhead at 95.10, 95.75, 96.10
– Avoid the big round number of 96.00 and beware trading around the lows of the wedge above us around 96.10-96.20
– If we break through 96.20 then look to sell the highs of the 89range bear channel and the highs of the bull channel from the 34r chart.

dont forget…as price falls on crude oil to avoid the 94.27 34r chart BMT which will be very sloppy.

tough to trade the CL beow 94.40 down to 94.00