I circled the two gap ups we had recently in yellow. The second one is harder to see, but it originally looked like an exhaustion gap. However, we're in a weird gray zone right now at 53, but I think if an hour candle closes above $53.3 then there will be a quick move to 44, before being quickly rejected. I think this would have to happen tomorrow before API
because this is the bearish
Stop at $53.05
If this works I'll sell half at $54.00 and wait to see if you can unload at 54.15 ish
if people can force out a short squeeze.
On the other end, I still see 55 as a ceiling so I think it's smart to add heavily on shorts from 54 up. I've NEVER seen an oil
gap not get filled eventually. Hello 51.3 :D