alleytrader

cl, oil, day trading for Dec 18th

FX:USOIL   CFDs on Crude Oil (WTI)
After hitting the first higher target yesterday and then pausing the up move, Oil is now testing range just above prior distribution. The important level to watch today is Red zone low, if we go below I would expect us to find balance in the 60 area. In the event we remain above the red zone low then a revisit of the highs and even to next target is most probable.

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