Have a large daily HnS here, which may be signaling a bottom here. Patience may be required but i think the green shadow box may be an area to look at buying opportunities in Oil. Keep you posted.
Comment:
Looking at oil again. I am holding the long still. But i see chance oil may have a complicated pullback further into the green support zone, I have hedged the long with a short at 53.50 to protect against possible downside pressure.