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CL

Oil, CL day trades june 20ththe opening range I am looking for is 55.25 and 55.95, any action in this range will be looked upon as neutral. A break above will create long trades to targets of 56.30 and 57.65, top target may not be a day trade. A break below this zone will bring on short ideas taking us down to 54.60 and 54. The idea is in the range look to trade long from bottom and short from top, if we go above look for proper setups for long trades and the same for short trades, below the zone.
FX:USOIL
by alleytrader
cl oil day trading June 6thtoday's trading range of 51.50 to 52.50 is not giving much more info to today's trades other than further down is most likely in a bit bigger picture. above 52.50 will be looking for resistance at 53 area and below 51.50 will be looking to retest yesterday low. So Today my idea is to be range trading in the range and then look to be holding long from range bottom in the event of a up side break and holding short from the range top in the event of a down side break. In the range its self will be protecting gains at range top and range bottom
FX:USOIL
by alleytrader
2
OIL day trades June 3rdToday looks like a 54 to 56 trading range could be the play so will look to trade back and forth if we remain in this consolidation. A break below will have me hold shorts from above if the signals are bearish, and a break above 56 I will hold the long from below if the signals are bullish. So summary is 54 to 56 I will short the top of this range and long the bottom but as the trade moves towards the opposite range boundary will see if I see enough strength to carry me past this range and if not will take off the profit. alternatively if trading more than 1 lots will reduce size and boundaries and hold a single runner for possible break out
FX:USOIL
by alleytrader