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CL

CL, OIL< Day trades July 2ndover night action is reasonably balanced and is sitting on lower break down area as of this typing. will look to see if we range trade or break down at 58.20 area. if back into the that looking for the top of range at 59.40. So will lean long over the range top and short under the range low. Upper target is 60.20 and lower target is 57 The 58.20 and 57.80 will be possible bounce points and also rejection points, so a plan will be if we break down does the support become resistance and if so that is a good stepping off point.
FX:USOIL
by alleytrader
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