Crude Oil Falls Nicely

Today, the trend was almost completely down in Light Crude Oil. Like almost every Wednesday, the "Weekly Petroleum Status Report" was released and although price jumped quite a bit @ 10:30 EST, it eventually resumed the downward trend.

As you can see, when the price popped up @ 10:30, the second highest small red dot was not touched. We stayed in and were able to finish the day with a very good profit. Not every day will be like this but when they happen, it's very welcome. We took profit and exited @ around 14:11. Generally we stop trading Crude Oil @ 14:18 (because of increased/decreased swings of volatility), but today it made sense to exit a bit early due to a new low being made at the end of the day. Generally, price reverses violently when price drops or rises sharply near the end of the trading day (but not always).

Using a great trend following method allows the trader to remain somewhat calm and relaxed in critical moments in order to comfortably sit tight and let the market work itself out.