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Chris Capre
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Chris Capre is a professional forex, index futures and commodities trader, specializing in Price Action & Ichimoku trading. Chris applies his methods to the markets both intraday and medium term swing trading, and has been trading for over 13 years. He is also the manager for a private fund... More
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Trading Price Action and Pivot Points
  • Crude Oil Pin Bar Off Channel Top | Dec. 3rd 0 comments
    Dec 3, 2012 8:21 PM

    Crude Oil
    Building a case for a medium term bottom, Crude Oil had today formed a pin bar rejection off the key $90.00 level, and channel top structure which you can see in the chart below. If this channel holds, we could see it fall towards $86.00 and the bottom of the channel. However, if it clears the big figure, look for a breakout pullback setup which will likely challenge $93.

    (click to enlarge)

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