Oil Distribution Range

I believe that oil is beginning another topping process. I am looking for prices to trade between 50.37 and 55.12;
At this point I am recommending a long position with the following targets:
TP1 52.75
TP2 53.93

If prices show a breakdown of the 52.75 level, then I'll look for prices to enter the lower range initial targeting 48.

I will add updates intra week.

Trade: Active - Long

Good trading to all!