Trade Strategy for Crude 12.7.2017

Trade Strategy for Crude 12.7.2017

 

Today is looking like a bullish day for crude oil as it rebounded after yesterday's trade gapped lower.  As I look at a daily candlestick chart for today, it looks like an inside day as it is making a higher low and a lower high but I am thinking we have a short-term bottom in the market. In theory, we would like to see the crude oil market making a higher high and a higher low, but my trade bias for crude is bullish and looking for it to move higher between now and the end of the week.

Using triple time confirmation, we see the crude oil is bullish on the daily, the 2-day, the 3-day and weekly charts are also all bullish so I switch over to my Nadex trading platform to see what binary strikes based on crude oil could be potential trade opportunities.  

 

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