today is inventory report day so I will be very selective until post report.
Oil is in a big balancing zone between 53.30 and 52 and has no clear directional bias until we move outside this range. however inside this range can provide some very good trading spots so i will be focusing on the top and bottom of this range, and look at the middle of the range as a hard to trade chop zone.
Oil is in a big balancing zone between 53.30 and 52 and has no clear directional bias until we move outside this range. however inside this range can provide some very good trading spots so i will be focusing on the top and bottom of this range, and look at the middle of the range as a hard to trade chop zone.