alleytrader

cl. oil, day trading for Aug 14th

FX:USOIL   CFDs on Crude Oil (WTI)
Yesterday, wow, what more can I say, it did what I thought it could do but sure did not give much time to react, so will just move on. The high in oil I would say is above yesterday so will be looking a bit bigger picture to be bullish oil . but will also watch the red line boundaries set out. The boundaries are not as clear today as normal but will still work to help pick a bias to what side I like to be leaning on.

We have returned to the spot we where at prior to the pop up so a choppy day to re work this price level would not surprise me, however a bigger move would not ether. I know talking non committal but the action will help form that commitment so lets observe and see what trade I can get off.
Trade active: Oil report today looks to be a neutral event when you take in all the factors, but time will tell.

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