oil is currently trading in a transition zone between two recent distributions and will have to make a choice between one or the other. if oil breaks from the red zone today then the first blue support or resistance will be a very likely target for either break. I will be looking to trade a range day inside the red zone until a firm break of this zone is established.
Trade active
first target hit and still ripping
Trade active
the pull back to vwap and then long was a perfect set up
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