cl, oil, day trading for July 30th

After the regular market closed oil took on a strong rally and moved into the top part of a big range, I would expect ( has started as of this typing) a pull back to 57.10 or 56.77 area and this will be a spot I will be looking for a long trade idea to take us back and test 57.56 and then a big upper limit of 58.30. failing to hold the 56.58 area will take us back into the bottom of the big range and will most likely give a choppy short trade back to mid 55's

Trade chiuso: obiettivo raggiunto:

pretty much nailed the upper limit