Crude Oil Short Idea
Price has been bouncing between two daily levels. I estimate that it will continue to trade within that range.
With a potential range forming, my rules tell me I must only trade at the top or bottom of the range.
If price trades thru the 55 level, look for STRONG selling pressure @ 56.50 and a $4-5 drop following.
With a potential range forming, my rules tell me I must only trade at the top or bottom of the range.
If price trades thru the 55 level, look for STRONG selling pressure @ 56.50 and a $4-5 drop following.
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