With that being said the potential catalyst for this week would be the reports due on the dates listed below.
The Energy reports will be out September 15th at 1:30pm.
The EIA Energy report will be out September 16th at 9:30am
Important To know
The American Petroleum Institute reports inventory levels of US crude oil , gasoline and distillates stocks. The numbers reported show how much oil and product is available in storage.This is important because this indicator gives an overview of US petroleum demand.If the increase in crude inventories is more than expected, it implies weaker demand and is for crude prices. The same can be said if a decline in inventories is less than expected. If the increase in crude is less than expected, it implies greater demand and is for crude prices. The same can be said if a decline in inventories is more than expected.
We need the 14-3 Day Raw at 50% and the price to crosses the 18 Day Moving Average to reach $34.58
Resistances around $31 and $32
Good Luck. I purchased a $35 strike price