The Crude Index scalper

[Zodiac4u]

Big Volume recovery on the 6:30 30mn bar (Trump/China news). first resistance is the 33-35 area, then 44 area.

 

[Zodiac4u]

Further topside resistance should come in at 63 to 67 area.

 

[Zodiac4u]

This area below 35 is just the shorts defending there positions, after this 35 cap look for 44-47

 

[Zodiac4u]

44 hit, if you've noticed the resistance area's are far apart, we have an opportunity here to regain some ground to bring us back up towards the 63-67 area.

(edit)After 44/47, We still have the 55-57 area to get over

 

[Zodiac4u]

I stepped away and looky here, well, it was good while it lasted anyway. 47 was hit and by-by. This pullbacks 61% Fib is at 22. Don't think we get there, but who knows

 

[Zodiac4u]

AN we're there, i had the ET screen up while i was posting.

 

[Zodiac4u]

2+ hours ago, a tweet from Kudlow says Trump not retreating on China, and down we went.

 

[Zodiac4u]

support at 2700 or 2697-98, next is 90

 

[Zodiac4u]

Looking for failure in the 08/09 area.

 

[Zodiac4u]

Obviously price action reflecting higher prices. If 2709 holds, than 20, 29 and 31, possible if we don't break down below9.