Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
WTI Crude Oil
Today on my facebook page, I opined to traders to keep an eye on the $92.00 level which has been a key support level for the commodity since Mar. 13th as it held 3x before. We suggested looking for longs at $92 with stops below prior low. Sure enough, price hit $92, went about $.20 below (not below the prior low of $92.74), and has now bounced about $.60 offering a great 2:1 reward to risk play so hopefully you profited from that.
Taking a look at the intra-day charts, you can see of the 1hr it formed a long tailed pin bar off the level, showing the buyers rejecting this level with vigor, and thus …... Keep reading