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| Marty's Pit Session Levels |
Dollar-Index 60-Minute:
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| Dollar Index 60-Minute |
We can see
the Dollar-Index breaking out to new higher-highs this morning above the 83.425
highs of the sideways-trading-range. We
have support below us at 83.115 and resistance overhead at 83.783. Look for prices to pullback as they move
higher into the 83.783 above, and remember that Dollar-Index resistance is
considered support on other markets we trade using the negative correlation.
This is just a snapshot of our Morning-newsletter which is posted every trading day at 8:00am EST in our Members Section.
Crude Oil Daily:
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| Crude Oil Daily |
We can see Crude
Oil trading in a narrow sideways-trading-range on the daily chart. We can see big candlestick wicks at the tops
and bottoms over the last 4 daily candles, which tells us the market
personality will likely be 2-sided until we breakout of this trading-range.
Crude Oil 240-Minute:
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| Crude Oil 4-Hour |
We can see
the sideways-trading-range on the 4-hour chart very easily. We have sell-zones above us at 106.05 and
107.11 and trigger-zones below us at 104.79 and 103.99. We can see from this chart that our job this
morning will be to trade this 2-sided market personality buying the lows and
selling the highs of this range.
Crude Oil 60-Minute:
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| Crude Oil 60-Minute |
The hourly
chart of Crude Oil paints a very powerful picture for us this morning. We can see the bullish price-channel is
struggling to hold this price-action above the 104.79 trigger-zone support and
overhead resistance at 105.88 to 106.25 has clearly held as the sellers are
trying to break this price-channel. This
type of chart structure tells us to buy the lows of the range at 104.79 to
104.16 and sell the highs at 105.88 and 106.78 this morning for the high-percentage-trades.
Crude Oil 5-Minute:
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| Crude Oil 5-Minute |
The 5-Minute
chart of Crude Oil shows us more of the sideways-trading-range we found on the
anchor chart this morning. We can see
the trading-range coming out of the London trading Session is very wide,
suggesting that we will consolidate a little this morning before trying to break
out of this range again. Notice that we are inside the range from last Friday,
making today a 2-sided day right out the gate, and with the trend-lines above
and below us we know that our day trading plan this morning is to sell-the-high
at resistance and buy-the-lows at support.
VIP Buy-zone Level for today: 105.11 / 104.81
VIP Sell-zone Level for today: 106.50 / 106.20
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