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alleytrader

oil, cl, day trading for Aug 8th

CFDs on Crude Oil (WTI) (FX:USOIL)  
alleytrader  
FX:USOIL   CFDs on Crude Oil (WTI)
Support and Resistance Crude Oil Futures WTI (CL1!) CL Oil Crude Oil Crude Oil WTI WTI
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supportandresistance cl1! cl oil crudeoil usoil wti
Oil moved up over night then found a balance point, This could be a bearish retrace or a early part of a up move. I will be watching 52.85 and 51.90 to form my directional bias for the day. IF we remain inside this zone will look to trade long and short off these same levels. Upper and lower targets are marked in the event of a breaking move.

Breaking move will be a long on break retrace and the same for short.
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