bias is bullish. On hourly chart, 20 MA and 50 MA are rising. Stochastic are overbought on H4 and H1 chart.

My plan to look for bullish setups confirmation today on oil on a pull-back move to within the support area at 44.44-44.10 with 44.66 as target and 45.00 in extension.

Be careful if the market managed to break below 44.10 because it will turn the intraday bias to bearish and possibly will push oil down to 43.88-43.54.

Plan: Buy on bullish setup confirmation within 44.44-44.10; target at 44.66 or 45.00

Oil Chart:

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