OIL to move in timeframe pattern forming a high or a low at exactly the same time every single day. Basically you can just reverse the trend with a trade at 15:00 UK and will reverse forming the high or the low
Very good observation. We are looking at a more wider time frame (1W) where if 64.40 holds, it will be a Higher Low on the 1W Channel Up and we will soon seen 71 and 72. If not we will see 60.
kweiss
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yeah because chicago comes online at that time and adds to the trading volume NY has started
TotoParasca
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@kweiss, Yes correct, but then there is always a reversal at that time, which is interesting :)