I showed 3 strong zones in the chart, 42-38-35. I expect to see a response to all of these zones and will therefore be trading these levels from lower time frames. I will take partial profit at intra day targets and move the rest of the position to break even. I think that Oil is making an ABC correcting on the higher time frames with wave A at 51.5 and wave B currently in progress. So this is why I will keep 50% on the table once I start buying because I see 60 as minimum target IF we see the reversal.
Follow me for updates because I will update once price hits these zones because oil will most likely present trades for both bulls and bears in the near future.
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