Blog

25
September 2015
by Bernard Larouche
Category: Value Lower

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9/24/2015 (EST)

Review CL 24Sept 2015


Today Crude Oil offered us two good opportunities with good risk-reward potential.

There were a few resistance levels right from the start that I have mentioned in my twits this morning. Yesterday's low at 44.41 and the high of the lower distribution from yesterday's profile at 45.19.

Furthermore overnight inventory was short when the bell rang this morning as we opened on a gap down. The Gap rules were in effect.

What are the gap rules ?