Crude oil has been extremely volatile over the last few days. In this video, we break down the price action in the crude oil market (CL/MCL futures) and show traders how to better understand what is driving the moves.
Using a simple 5-minute crude oil chart, we examine an important concept many traders overlook — gaps in the market. In many markets, when a price gap occurs, the market often moves later to fill that gap. Understanding this can help traders avoid chasing moves and instead focus on high-probability price levels.
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We also discuss another key lesson for traders: large candles or large range bars do not always mean continuation. Many retail traders see a large bullish or bearish candle and assume the move will continue, but often these large pushes are quickly followed by reversals.
In this lesson you will learn:
• How to identify gap fills in crude oil futures
• Why large candles often reverse instead of continuing
• How retail traders get trapped chasing large moves
• Why crude oil behaves differently than stock indexes
• The role of large institutional players and hedgers in the oil market
Unlike stock indexes like the S&P 500 or Nasdaq, the crude oil market is heavily influenced by large corporations, hedging activity, and institutional participants. Understanding these dynamics can help traders better interpret the market.
Whether you trade CL (Crude Oil Futures) or MCL (Micro Crude Oil), recognizing these price action patterns can improve your trading decisions and risk management.🚨Learn more: https://daytradetowin.com/
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