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| Today's Economic News |
Crude Oil 240-Minute / 4-Hour:
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| Crude Oil 240-Minute Chart |
We can see a
sideways-trading-range on the 4-hour anchor chart of Crude Oil this
morning. We’ve come off the highs at
108.93 and the trading-range goes down to 104.08. We know that buying the lows, selling the
highs, and avoiding the middle of this range is where we will see the high-percentage-trades
today.
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 60-Minute:
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| Crude Oil 60-Minute Chart |
The hourly
anchor chart shows us much of the same from the 4-hour. We can see trend-lines overhead and below
that create the price-wedge along with a trigger-zone support at 106.51 and
above us at 108.19. We know that a price-wedge
is a very important clue that tells us to treat this market personality as
range-bound and look to buy at the lows and sell at the highs.
As of 7:00am
EST today we are trading in the middle of the price-wedge so we need to be
patient this morning.
Crude Oil Entry Chart:
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| Crude Oil 987Tick Chart |
Our entry
chart of Crude Oil shows us a very narrow trading-range this morning. We’ve come off the lows at 105.45 and now we’re
looking like the market personality needs a kick-start this morning before we
start trading Crude Oil.
Look for news starting at 9:00am EST this morning to give this market personality a kick in the pants because we need new higher-highs or lower-lows to get us trading this today.
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| Crude Oil Inventory Numbers |
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| Marty's PIT Levels |
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| Marty's PIT Notes |
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