Thursday, May 23, 2013

Crude Price Action: Pin Bar Price Action Trade Setup. May 23, 2013.

Crude faced significant bullish pressure as it hit support at the close of the US session today. A Pin Bar ensures which signals for further bullishness. Long entries are advised at about the 50% retracement region of this Pin Bar and price is expected to target the recent highs as long as the Pin bar low is not breached.

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