The Crude Index scalper

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

 

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

 

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

 

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

 

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

 

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

 

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

 

support at 2700 or 2697-98, next is 90

 

Looking for failure in the 08/09 area.

 

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