Live Day Trading Crude Oil Futures Friday 4-28-2017

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There was a very good buying opportunity in the crude oil futures market today. The market’s movement yesterday erased a buying gap from about a month ago. Today’s RTH open was a gap higher of about a half a dollar. This overnight rejection of the selling pressure set the stage for a long trade should the selling pressure within th eday time frame were to subside. The seller control exhausted itself just after the gap was erased.

At that point aggressive selling was rejected once the magenta bar’s high was taken out. The magenta bar is the most aggresive selling bar in the “day trade the markets’ software.

The trade was exited in two parts for a 12 point and 10 point gain. This was somewhat disappointing as I felt the stop was perhaps too tight. Site:


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