I don't trade CL, so I don't know its "character" and how it trades. I know that it is a little wild, but the setup is the same.

Do a little experiment. Plot weekly levels as one continues plot from the beginning to the end of a week (38.2, 50, 61.8) Plot previous weeks too. Plot nothing else. See if you see a pattern of the price behavior.

There are at least four levels to pay attention to: Weekly, Globex, RTH, and Daily. My setup plots RTH into next day's Globex and stops plotting when RTH opens. So what happens is that if the price stays within the High/Low of the previous day during Globex, there is no difference between Daily and RTH levels. If the price moves outside the prior High/Low, the RTH vs. the Daily levels will be different and it is something to pay attention to.

In addition, the levels can be plotted in two different ways, using just the candle's body (not counting the wicks) or full range. The price will react to the prior levels, so you want to have prior daily/weekly levels plotted.

Excellent information, I will plot the suggested levels and will publish them here.

Regards,

Here is a quick look at today's CL price action: https://www.screencast.com/t/afziNEh2hxP

Seems to be a problem with the URL Link for the screencast.

What is the problem? I can open it: https://www.screencast.com/t/afziNEh2hxP

I am not 100% sure what the problem may be, I get an error message upon trying to open the link.

@ Mr III

One thing to keep in mind. If you don't wait for a reacting to the 50, usually, the highest probability entry is the 1st touch of the 50, and you have to be ready because most of the time it is just a wick.

May I ask you, what are all the horizontal lines and vertical lines, are they Fib retracements from the High to Low on the chart? The vertical lines are they Fib time lines?