Today's looks to be a trading range between 51.5 and 53 so until we get out of this range all I will be doing is looking for shorts near the top of the range and longs near the bottom of the range. Days like this are when the screen share signal generator can help see momentum change helping to keep your trades on the right side of the market
This is one ballsy idea, however it's definitely one of the options and would nicely backtest broken trendline. Lets see how this unfolds, but this is something I will definitely keep back in my mind with all that bearish bias around.
Looks at this point oil will trade in a tight mall range, if we break this range will post extended targets when I see what the day is bringing. The range to start looks to me to be 58.50 and 57.60, with a tiny extended range of 59.00 and 57.40. The plan will be to trade this range short from tops and long from bottoms and will trade continuations if we break...
the opening range I am looking for is 55.25 and 55.95, any action in this range will be looked upon as neutral. A break above will create long trades to targets of 56.30 and 57.65, top target may not be a day trade. A break below this zone will bring on short ideas taking us down to 54.60 and 54.
The idea is in the range look to trade long from bottom and short...
Today will be looking for a long trade on a move back down to 51.70 area or the support base made in the early hours of trade. the up side first level target will be 52.75, however at this level will be watching for a break above that I hope to be able to still be holding part of the long trade. Will most likely be avoiding any shorts today unless after a good...
Today looks like a good day for range trades or long, will look for longs on a opening drive down to 52.60 with targets of 53 and 53.40. A move below 52.08 that holds will look for shorts down to 51.82 and 51
Today's back and forth range could be 51.20 to 52.50 with most of the traffic around 51.75, So the trade plan will be to look for longs from bottom and shorts from top, and in the event we move out of this range then will watch mostly for longs above this level targeting 53.50, and a break below will have a target of 50.50
Today will keep it real simple, will be looking at the 53.08 to 54.58 as teh trading range and looking for shorts from top to the hash line as target and same from the bottom long. This idea will be revised in the event we break this range.
Today the middle of my chop zone will be 53 and the top of the range is 53.85 and the bottom is 52.30.
Trading above this range will target 54.28 and trading below target 51.50
would be fun to see this trend but have a feeling we will stay pretty close to the trading range today
today's trading range of 51.50 to 52.50 is not giving much more info to today's trades other than further down is most likely in a bit bigger picture. above 52.50 will be looking for resistance at 53 area and below 51.50 will be looking to retest yesterday low.
So Today my idea is to be range trading in the range and then look to be holding long from range...
today will be trading a chop pattern if we remain between 53.29 and 52.45. above this range will look towards 54 and below 52.11 and 51. The over night is balanced and provides no clear direction on open