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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
My company:
2ndSkiesForex
My blog:
2ndSkiesForex
My book:
Trading Price Action and Pivot Points
  • Crude Oil Pin Bar With Trend Setup | July 8th 0 comments
    Jul 8, 2013 8:16 PM

    Hello Traders,

    Back to regular posting after the needed vacation from my vacation, Crude Oil has formed a pin bar off support, which was a prior resistance in this bull trend. It is also near the 4hr 20ema. The current pullback is looking corrective, so am expecting more upside. That + the Egypt situation cannot be good for lower oil prices.

    (click to enlarge)

    So will look to buy around this level, targeting 103.45 and 103.99.

    Good luck trading today.

    Kind Regards,

    Chris Capre

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