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
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Oil report today looks to be a neutral event when you take in all the factors, but time will tell.