Thursday, May 9, 2013

Crude Price Action: Crude in Critical Resistance Region. May 9, 2013

 Crude now trades within critical resistance region. While the Trend does seem to be validly bullish after the break of the daily 123 formation, Rotation back into support is still expected to offer clear Price Action buy signals to join the bulls. In the meantime, a Pin Bar as well as an inside Pin Bar on the daily chart could help trigger this bearish pullback.

 Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.

No comments: