Wednesday, May 22, 2013

Crude Oil Day trading plan for today:

Crude Oil PIT Session OHLC

This morning we have Ben Bernanke on the stand to speak about the conditions of the economy and we KNOW that many traders will be listening for hidden clues in what he DOES NOT say this morning.  We have Crude Oil Inventories this morning at 1030am EST which means we need to expect 2-sided trading until we get through this news this morning.  We have had NO market personality this week so far so this morning is going to have some surprises we have a feeling, so we will be ready to sell highs at resistance and buy lows at support using the 2-sided market personality as our biggest clue.

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