Day Trading Oil when world Politics games are in a front pages of all news
Not easy to trade right now, when with one simple news market can react, over react or just ignoring of what was just done or said. How ever, the targets are quite clear for next move up or down. [caption id="attachment_7219" align="alignleft" width="300"] oil trading[/caption]60min Oil chart for next week
Oil fail to go in my buy area at 95.00 price, not a big deal...let's look for a new trade. Here I have both direction, after over buying oil, by creating head fake on 60min chart, ( blue area), market could go both way, Up and doing. This trade should be taking on real time trading, and would be hard to say now in what condition to buy or sell. But at least targets are clear, go back to Gap, and Filled. Or for short, retest 200MA, and then last bottom. ...but to be real, I think it will be a miss trade, due to the gap I'm looking to see after this weekend cause of politics games that are happening right now.Day trading course - learn how to trade
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