a lot of questions about OIL .
on a daily the price is currently consolidating within a wide horizontal trading range.
41.0 - 41.5 is its resistance
36.1 - 37.0 is its support
while the price within a consolidating range, we expect movements from its support
and from its resistance.
for now, I remain biased.
for intraday trading also consider a falling ,
while the market is above that, it serves as the resort for buyers to buy from.
in case of its breakout, it will serve as a local resistance to sell from.
at some moment the consolidation range will be broken either to the upside or to the downside.
daily candle violations of its boundaries will show us the future market direction.