oil will pick my bias direction when it moves above 57.50 and or moves below 56.75, over night has had oil in a very small tight range and as long as it stays in this range I will just observe.. Above the red area I will look for long set ups after a impulsive move or a break retest, and will do the same if a break below. We could either be in a big balancing area or the beginning of a longer up move , only time will give us the answer.
Trade active:
will look for long if we come back to the top red line and the down move stalls out