USOIL -Range Bound

10 févr. 2020

USOIl is stuck in a small range, consolidating below Friday's Value area lows, At the same time we have seen multiple bounce offs the lows over the past week. we will hold 50.50's as the reference for this level.
1. Look to short and trade pullbacks with stops above 50.50 areas.
2. Break out play above 50.50s for targets ( dashed green)
In the time being this continues to be a scalpers market , trading mean reversions for short term play. swing players either holding positions can use the targets , else look to enter in a break outside the range or a strong impulse move.

11 févr. 2020

Note

overnight , we hit the first target area, bounced off from there to the resistance zones and is looking to turn from there.
Overall range continues to be subdued and offering scalping plays.
continuing to hold below 50.50s will expect yday lows to be retested.