CL trading day August 21 2017

posted in: Market Recap 0

Again today the most important factor to consider was the short term inventories.

If in real estate the key to success is location… location…  location…

the key to success in day trading is inventory… inventory… inventory…

 

Today overnight inventory was slightly short and short term day trader inventory was long.

Once the market rejected the open short term day traders liquidated their position giving a bearish tone to the market.

Look at this video for the market review in more details…