Bit of a short term swing play here. USOIL is at a nice inflection area. 57.45 is the Line in sand.
1. We manage to get above it and hold we have a shot at 58.80s ( 57.90, 58.30 being intermediate destinations )
2. we fail to clear that , we look to trade the rotation back to 56.90s
1. We manage to get above it and hold we have a shot at 58.80s ( 57.90, 58.30 being intermediate destinations )
2. we fail to clear that , we look to trade the rotation back to 56.90s
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excellent set up and follow through. it was important to stick to the setup and plan despite a big move the other day. will follow it with 58.30 as a reference, but given its a friday we might see some exhaustion from here on.