Price came off MM2, broke above MPP and is heading to MM4. Buy the pullback @ MPP. Keep an eye on the Opec report coming out today.

WTI Daily

Sideways market with bullish price and 55.50 marking the top of the range. Breakout above MPP coming off MM2, pullback, buy @ MPP. Target MM4.

WTI H4

If price retraces back to MPP look for a setup on M1 or M5. The H4 stoch is quite over bought so we definitely need confirmation.

Leave a Reply