We’ve never cared so much about Crude oil inventory data! Today’s data release at 9:30am (Chicago time) showed a large drawdown and bang – we took off like a rocket to the upside.
We know this is a big trending move because we broke Resistance on the low, intermediate AND Highest Timeframe. So the move isn’t over until we see a Pull Back to End of Trend signal on the highest timeframe – which happened after 2pm.
Plus we didn’t see any weakness before 11am – so the “reversal window” had closed and we were just going to spend the day breaking to new Highs (highest probability activity).
Click here to view the Triple Break video on the website.
Good luck with your Emini trading tomorrow.
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