Tuesday, May 09, 2017 4:11:25 AM
Looking at Crude Oil on the daily chart, We are still watching for a push up to 47.57 area as this could be a nice little flip flop zone. Price was really consolidated yesterday and looking for a breakout of yesterday’s Range
On the Lower Time Frames, I’m watching the globex high and globex low for possible reversal areas. I’m thinking that we could be moving up to that 47.57 so if price can breakout of yesterday’s range I’m looking shorts so that I can sell the pullbacks area that we could follow the overall downtrend.
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