Crude is in a triangle squeeze. It will probably clamp down to a point then break out when it gets tired of the point of control region it's forming around 55.
One idea for a breakout is to use the pitchfork, although it is much too early to tell.
Major wicks from weekly bars are marked for use with intraday reversal trading.
One idea for a breakout is to use the pitchfork, although it is much too early to tell.
Major wicks from weekly bars are marked for use with intraday reversal trading.