CRUDE OIL BREAKOUT TRADERS

As a professional crude oil trader a lot of the time my best “work” as a trader is to do NOTHING except wait.!

 

When trading crude oil breakouts, it is important to  consider the underlying price support and resistance levels, The more  times a price has touched these areas, the more valid these levels are  and the more important they become, At the same time, the longer these  support and resistance levels have been in play, the better the outcome  when the price finally breakouts out.

Remember,  the goal here is to day trade breakouts. The greater the recent trading  range, the greater your odds are of being in a trade that has room to  move.

BREAKOUT is a  price movement through an identified level of support or resistance  which is usually followed buy heavy volume and increased volatility..
KEEP THE POWDER DRY!


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