Oil is trading sideways inside a pretty big range of almost 1 point and until it breaks this area i will remain neutral as far as direction. I will be looking to to find the days range and short the tops and long the bottoms. This range can either be the 55.84 to 56.64 boundaries or after the open will find the boundaries for the day, will update once this range is found.
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not even looking at the small test above range, had it stayed above then would think that means something so still watching the red lines for directional clues.