Crude Oil Pre-Market for 12.7.17

Crude Oil failed to break the highs and therefore now much find demand again before another retest of the highs can be attempted.  I’m looking for price to move all the way back down to 55.50 to find the daily demand zone that goes from 54.97 up to 55.51.


Price has been in an uptrend for several months now.  It is slowly treading along into $60. We are now seeing price fail to break the previous week’s high.  There is still no reason to believe that price is doing something new to the downside yet.  So we will stay with the trend up and look at this price movement as a pullback in the overall trend.

On the 60 minute time frame, price has found support at the support zone from 55.75 up to 56.16. I would like to see price move back down to the daily demand zone.

Today is Thursday, usually Thursdays are rangy days.  I believe that we will see a continuation red candle down to the daily demand zone therefore I would think it would be more of a smaller trendy daily candle than rangy bound.  Yes, yesterday’s candle was a good big red candle.  But now I think we will see price only move down to $55 before it rests for the rest of the weekend.


Give us 30 days of your time and we will prove it to you with Free courses and support.

Just click HERE and head on over to the RISK FREE TRIAL!


Let APA Zones Toolkit show you the “why” behind price movement and understand what is happening in the market live and in real time. Once you get accustomed to reading the flow zones you will be able to see the hidden market flow.

Give us 7 days of your time and we will prove it to you with Free courses and support.