Posts Tagged trading commodity

Crude Oil looks good for a short setup

Crude Oil looks good for a short setup

Below is a picture of the Crude Oil price chart... ok, at this level it doesn't look that interesting... But if you zoom in a bit more... This is what I am seeing. The price made a high at A but fell rather strongly.. it even fell through the support line shown where it found support a bit lower down. However, confirmation of the support line which becomes resistance via the pin bar shows that sellers are now present here driving the price down. The price is right on support but

September 25, 2012 No Comments Full Story