Oil to Clear 79.00 Big Fig

Currently watching Crude Futs (NYMEX) to clear an Intermediate term High at 79.00 Big Fig.

As my mentor says...

"To & Through"

Reasons:

1. Crude Bullish Seasonally until march/April (Possible Quarterly Shift to downside)
   
2. Commercials Net LONG
   
3. DXY Bullish
   
4. Failed to break lower on Daily (Indicating to me higher prices are in order)
   

HTF MMSM, however Long in play to clear Buyside before reversing above highs & clearing distribution leg Sellside

HTF (Daily):


Expecting BSL to be ran and staying Bullish until trend broken & IOF Turns Bearish (Should happen above Highs)

H4:


Expecting a retracement into Internal Range Liquidity as outlined to target External Range Liquidity (Markets are booked like this, in a form of "Handshaking")

LTF:


Tuesday Feb 13th: US CPI

Weds Feb 14th: US Crude Oil Inventories

If Bias is correct and Weekly candle is due to expand to upside, I'd be looking for Tuesday to Form Weekly Low & take Longs Wednesday NY IF my model plays out.