alleytrader

cl, oil, day trading for Aug 20th

FX:USOIL   CFDs on Crude Oil (WTI)
Trading almost at prior session close with a very balanced action following a very strong up move yesterday. Today could see a consolidation as it digests yesterdays move. I will b e looking for this sideways action to formulate today's trades. As long as we remain above 55.80 will lean long for the bigger picture and above that and below 56.55 will stick with choppy action.
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