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Good morning, Traders! Today I'm focusing on light crude oil futures (CL), as the market has broken the down trendline, entered the buy zone, and is moving toward our up Fibonacci extension. Both the long-term and short-term directions are up, so this is a great time to watch the CL for buying opportunities!
Remember that we buy futures markets when we spot low prices within the buy zone. That way, we can then follow the market as it enters into a bullish rally. Once we know it's gone as high as it can go, we sell the market for a profit. It's not as complicated as some people think!
And if you really want to make sure your trading strategy will net you more winners than losers, you'll need to learn how to draw trendlines properly. Thankfully, I have a free resource that explains that very thing.
Now let's look at the timeframe analysis for the CL to see what the market has in store for us:
The overall direction for the CL within the daily timeframe is up. As you can see in the below chart, the market is making higher highs and higher lows. That means the market is in an up trend. The CL broke our counter trendline (short diagonal line) and entered the buy zone. If the trend holds, we'll see some impressive tick movement toward the up Fibonacci extension.  The long-term direction is up for the CL
The short-term direction of the CL is currently up
 The CL has broken the down trendline and entered the buy zone
 The CL has broken the counter trendline and entered the buy zone Knowing that the CL is in an overall up trend in the daily timeframe, we should turn to the one-hour timeframe to look for low prices within the buy zone. You can learn more about why we use the one-hour timeframe for prepping our entry strategy here.
Turning to the one-hour timeframe, we can see that the market has broken the counter trendline and entered the buy zone, just as it has in the daily timeframe.
So long as the CL can stay in the buy zone, we'll look for low prices to buy the market. As you can see in the below chart, there's still room for the CL to climb. That means you'll want to make sure you have your entry strategy planned out. Not sure how to do that? You can learn more here with one of my free trading resources.  The one-hour timeframe reveals that the CL has broken the counter trend line (short diagonal line) and entered the buy zone We'll need to focus on our timeframe charts and watch the market as it if we're to get this trade right. We want to buy at low prices, but not if the market drops out of the buy zone. Likewise, we don't want to get in the market too late when the price gets too high. Timing is everything! Both the long-term and short-term directions for the CL are up as the market moves into the buy zone and prepares for a bullish push. We've seen the CL break counter trend lines as it moves toward our Fibonacci extension. Now we'll watch the timeframe charts for opportunities to buy the market at low prices within the buy zone. That's how we make money in futures trading! The overall direction for the CL is up, in both the long-term and short-term outlooks But you can't make money in futures trading unless you make the trade! Take a look at how my strategy works so you can get started today. Once these trends start, there's little time to jump in without getting left behind. You can't afford to miss this. Keep On Trading,  Minimize those screens. Stop texting. Stop Stressing. Everyone talks about it. Very few people do it. Why? Because it's darn near impossible! To find true focus in this day and age is nearly unheard of. No wonder meditation camps are springing up all over the world. Instead of taking 8 hours to ponder the many edges and textures of a raisin… why not just shut off a few distractions? Turn off the extra screens. Put the TV with the news on mute. Find focus and see the opportunities! 
Stay tuned for my next edition of Josh's Daily Direction.
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