Blog

12
June 2014
by Bernard Larouche
Category: Gap

6/12/2014 (EST)

Trading Day for June 12 2014


Trading Crude oil with Market Map and Balance Excess indicators.

Today there was only one good trading set up and it happened right at the end of the day around 2:00PM EDT. First of all we opened way up close to 2.00$ per contract.

So here is the context for today's market :  

Big gap up.

Developing value higher.

Break out of the monthly and daily balance area top.

Overnight inventory was extremely long.