Crude oil: Go long above today's high Crude Oil WTI NYMEX:CL1! IvanLabrie After the crude oil inventories news came out, we observed a drop under the weekly mode in crude, but rather fast, it found support and buyers stepped in, creating a hammer candle pattern. This is considerably bullish , and to add insult to injury, price was supported right above the highest volume node, while rgmov is in a daily uptrend. Buying over this high in an oversold dip is common sense to me here, specially after it discounted the news like that. If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee. I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details. Cheers, Ivan Labrie Time at Mode FX Analyst at Concord Bay dot com