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There’s a beautiful triangle on the daily chart, so sooner or later there should be a directional move.
I’m still a long-time bear, but I wouldn’t be surprised, if the price would move up 3-4 points before heading down again.
Overnight the price is slightly up from yesterday’s close, so the bulls might try to break above the 82.95-83.07 zone. If they can stay above 83.3, the next resistance is the 83.57-83.7 zone.
So which way? No idea. As I wrote before, there’s a huge acceptance area is forming, today there’s nearly a point wide one, and also, from 81 to 83.10 the areas are moving closer and closer, into each other, so in this wide range the picture is pretty much become blurred. I’d like to see the price move from this 2-point-range before forming my 2-3 day term opinion.
It's inventory day, so maybe we'll see something..
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No trades today. Very choppy, couldn’t find a good setup, and still in that confusing 2 point range I wrote about at today’s S/R zones. I call it a day, waiting for tomorrow.
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Well, the bulls tried, but I wouldn’t say hard enough. After the open, they try to break above the ONH and 82.95-83.07 zone, but couldn’t make it.
From here the price moved sideways till the inventory report, where the bears stepped in, thanks to the actual 7.1 M barrels, since the forecast was 2.8 M.
The price went to the bottom of the 81.7-82.56 zone. From here the bulls pushed the price to the open, then lost control, and the bears won the day, with the close at 80.52.
How the predefined zones played out today:
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The triangle from yesterday’s daily chart was gone, but I wouldn’t call the bears’ move really directional, overnight they stopped at 80, again. Can the price break down below 79.78? Will the bears show some balls today? One could see the direction again, then.
Unfortunately, the widening and blurring of the zones continues, they are growing into each other. Now I’d like to see the price come out of the 80-83.1 area, preferably downwards.
Still a long-time bear, the fundamentals should draw the price down, yesterday’s inventories was huge, but I’m afraid the chopping may continue…
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No trades. Today I was wery unfocused, I saw two good opportunities, but failed to pull the trigger, I was too slow, one could say dreamy. One would be a scratch, one would reach the target. I think I gonna go sleep now
Friday afternoon I won’t be here, so can’t post the zones.
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The bears finally pulled back the price below 80! I think it’s gonna broke down, let’s see if the bulls dare to step in..
Otherwise, up from 80.32, there are some really wide, sticky zones, so if the bears don’t win today, I think it’s sideways again.
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No trades today. I missed a good entry at the open, and I didn't want to chase, so intead of (over)trading, I experimented with new setups on my paper account.
Sorry for the late recap, I think I caught a flu or something.. Don’t feel so well.
It did broke down to 79.44, but from 10:00 the bulls dared
The bulls pushed back the price to the 80.9-81.35 zone, so the close was just below the prev. close.
How the predefined zones played out today:
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One would be a 
