After the huge sharp decline in the price of oil from recent highs of 64 due to supply and Corona Virus concerns. We are currently sitting on yearly support level for oil. Volume has still been extreemly strong to the downside, so price may even break through from here, but if the street feels that prices have been a bit too oversold, we can expect a nice corrective wave up before attemtping to further break this huge resistance at 51.00
Waiting for strong volume to come in to confirm price movement up
2 Poisitons 1 1:1 1 BE at 1:1 with an aggressive SL trail