today oil does not have a real red zone, so placing it at support and resistance area of a 5 day consolidation.
I will be trading red top to balance (dashed line) and red bottom to balance in a small trend back and forth method until oil gets out of this range or provides more information.
So i say big range chop for the time being.
I will be trading red top to balance (dashed line) and red bottom to balance in a small trend back and forth method until oil gets out of this range or provides more information.
So i say big range chop for the time being.