It looks like oil is lifting off a mid term low and will test back into higher distributions, and is currently trading above my chop zone of 59.90 ara, the lower boundary of chop is 59.20. the area above i think we see R is 60.25. and looks like we will get there, so will be looking for long entry points if we remain above the chop zone.
Trade ist aktiv:
completely did the opposite but that is the benefit of being able to see both sides, and I did say if it falls out of chop zone it then moved very fast to the 58.50 line I had drawn so it worked out perfectly once support proved the long was wrong.