Trading Crude Oil , using E-mini Futures QM Chart
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crude oil trading[/caption] Trading Crude Oil Pennant
On Weekly QM chart we can see buyers fail to close or stay above 200MA. And from sellers side, they fail to pass bullish trend line. For next movement, I'm both Short And Long.But more likely to go for a short one. [caption id="attachment_6360" align="alignright" width="150"]
Crude Oil trading chart[/caption] Trading Crude Oil 1440min Chart
This is a big picture of what is going on. Sellers showing lots of commitment, but have hard time to pass my orange area (fight zone). Cyan Line: This trend line was a support for sellers, and my Reversal point to take a short trade. But for this time, I don't see this trend line act as reversal, but more likely to act as a [...]day trading course
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