Currently ranging between 54.00 & 51.50 a barrel. My bias in this market is currently neutral, sitting on hands and waiting for a breakout to the upside or downside is for me the best thing to do, it is a possibility to trade the highs and lows in a intra day chart. Personally I like to wait for more clear confirmation at the higher time-frames to support my trades.
Patience is a important aspect in trading, so sit back relax and let the market show us clear price movement in either direction.