Oil is in a big consolidation and has a smaller break zone. This is why showing 2 red zones, the bigger zone is more for a trend or swing type trade or heads up of primary direction and also support and resistance for turning points. The smaller red zone will be good for intraday trading showing chop or small trend for the day.
I will be looking for 53 and then a turn back down as plan a.
I will be looking for 53 and then a turn back down as plan a.