Tuesday, May 25, 2010

Nice Crude Oil Spike Reversal Signal Today


Where the Spike Reversal Bar (SR) crossed over our 50 Bar MA and closed above this was a good long trade today.

You will not see this pattern very often, but it is a very good setup when it does happen. Please not that you had enough room for profit to make you 2 to 1 profit target on this trade to the 200 Bar MA line.

Good Trading,

David "Tiger" Knight