Crude Oil Day Trading, using QM 04-13 E-mini Futures
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Crude oil Chart[/caption] Crude Oil day trading: Big Picture of Why I was preparing for this trade.
This trade have some risk, both reward can be amazing. If you are like me, and you miss your entry at 98$, there a second chance. I'm looking for another Bearish Channel. But for this,sellers need to win this fight at 91$.(consolidation zone #2). If this happen, I'm looking for Weekly chart creating a bearish channel. Why Sellers have more chance to make it this time?break the lower trend line? Well if you look at MA50 and MA200, they are creating a divergence and are very close to each others. and will create a better Support for Sellers. And if you look on volume, Buyers volume drop almost by 50%, and can't beat Sellers last Spike of volume few days ago. What you need to look for is if buyers volume stay in same range, and if Sellers can keep same commitment as before. [caption id="attachment_6279" align="alignleft" width="150"][...]day trading course
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