alleytrader

CL, oil day trading for July 12th

FX:USOIL   CFDs on Crude Oil (WTI)
Today we are currently trading in the bottom end of a upper distribution and the bottom of that distribution is very important to my trading direction, as long as we are above 60 to 60.14 area I lean very hard on the long side and will not look at short trades until below that line in the sand. the upper resistance is at 60.78 to 60.85 and until above that will only expect range style action. In the event we break this zone the upper and lower targets will come into view.
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