Price Action – Crude Oil Inside Bar Setup | Apr. 25th

Crude Oil – Inside Bar Setup
Like the major commodities lately, Crude Oil has been on a tear lately, up over $6.50 in the last 6 days of trading with the last two being quite bullish. Checking in on the 4hr charts, the commodity has formed a small inside bar setup. Generally in such strong with trend moves, small inside bars with small rejections in the A Bar (bar prior to inside bar) suggests likely trend continuation.

Should price action break above the A bars high, expect a test of $94.50 and 95.75. Intra-day price action support comes in at $92.54 and $91.95 so look for either a pullback or breakout to get with the current uptrend momentum.

inside bar setup trading price action crude oil

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I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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