USOIL has broken below and then broken outside the range( black square) Holding above that zone keeps the context bullish for now.
we have two key zones to watch out for 52.80 on the upside & 52.40 on the downside.
1. Hold of the 52.40s look for a long side play to break out side 52.80 for test of 53.20 and 54.10
2. Fail to hold 52.40- look to rotate back to test 52.10, 51.80
we have two key zones to watch out for 52.80 on the upside & 52.40 on the downside.
1. Hold of the 52.40s look for a long side play to break out side 52.80 for test of 53.20 and 54.10
2. Fail to hold 52.40- look to rotate back to test 52.10, 51.80
Trade closed: target reached
We have from there done 52.80s, 53.20s
continuing to hold above 52.80s will keep the other targets open, else we see some exhaustion.