We are still holding the range on the daily trading just below value area high of 68.82. If we hold here then expectancy is to rotate back down to VAL @67.36. If we break and hold above 68.80 then higher pricing is expected. First upside target is 69.65 then a big slide to 74.
Nice auction process happening in the hourly chart. I was able to trade the long up now I am reversing position for the ride back down. This is an aggressive trade I understand because of the strong upward momentum. I will look to cut short and reverse again if the shorts do not pile in for the move down. Stay tuned for the results.
Great Trading Everyone,