Ho hum another day in the crude oil market.
Crude oil came out of the gate before the NYMEX floor open and took a run at $140, it came close with a intra day high of $139.89.
The NYMEX session was choppy until a nice run down in the afternoon. It's days like this that reinforce the , hold no directional biases, theory for day trading.
You wait for a direction to form, then a trend in that direction, and finally momentum in the trend direction for an entry.
Pre market move (click on chart to view)
Afternoon short move