from last session close oil has been moving up to the top of yesterdays early session and is finding a happy place there. If not break above red top then will not even think long, and last nights low is the area I will look to see if oil is finding buyers. So that said will be looking to trade this range from 49.25 to 51.50 and looking for impulsive trends inside the range until we clear this zone.
Trade active:
oil maybe finding a bit of a bottom, but still did not close above the Red top so not flipping mentally long yet.