oil is currently trading in a transition zone between two recent distributions and will have to make a choice between one or the other. if oil breaks from the red zone today then the first blue support or resistance will be a very likely target for either break.
I will be looking to trade a range day inside the red zone until a firm break of this zone is established.
I will be looking to trade a range day inside the red zone until a firm break of this zone is established.
Trade active:
first target hit and still ripping
Trade active:
the pull back to vwap and then long was a perfect set up