USOIL key hurdle / trend decider from an immediate point of view is the region of 51.50-70.
1. Holding below that downside target ranges are open ( blue dashed line )
2. Break and hold above that looking for an upside play
3. alternate scenario- failure to break below 50.90s look for a pullback and rotation play inside yday range (50.90-51.90)
1. Holding below that downside target ranges are open ( blue dashed line )
2. Break and hold above that looking for an upside play
3. alternate scenario- failure to break below 50.90s look for a pullback and rotation play inside yday range (50.90-51.90)
Comment:
Beautiful rotation from the trend decider zone, right around the RTH open
Comment:
T1 Done & shade short of T2
Trade closed: target reached:
Targets done.Key inflection point now remains at 50.90