-The MKT is in a sideways digestive position with a slight
positive bias.
-On the SELL side avoid DP BREAKOUT strategies but rather
FADE a positive reaction against the DIR after a negative breakdown signal. UP and UT1 REVERSAL strategies are
recommended over FADE strategies as “sloppy” trading conditions are
expected. Any UP FADE trades should get
confirmation.
-On the BUY side UP BREAKOUT strategies are
valid but should expect a laborious trade.
Work any position, selling into emotional surges and re-entering on any
sharp pullbacks. Expect a choppy trade
and be aggressive on minimizing profit give-back. DP and DT1 FADE and REVERSAL strategies are
recommended.
Today's PRICE MAP Performance for CL
- Today in the CRUDE OIL market, the downside breakout from the Critical Range signaled to traders that Crude Oil was transitioning lower. When we got a breakout signal out from the Critical Range, our expected target is two APMD away from our entry point, in this case, the DT2. The SELL DP BREAKOUT signal that was generated at 7:45 A.M. followed through to the downside and made it all the way down to our expected target at the DT2 around 10:30 A.M.
