Crude Oil Trade Model

This is the one hour algorithmic trading model I am using for Crude Oil. Charted on FX USOIL WTI but can be used to trade CL_F USO Etc.

It is based on 200 MA measured extensions and Fibs that create the quads for trading structure (support and resistance levels and timing).

If you expand the chart out you will see the further high Fib resistance levels and support levels in blue, red, purple and fuscia.

The full written report with trading plan will be published within an hour.