Crude Oil Morning Prep

Crude Oil 5-Minute Chart

We can see the London Trading Session is very narrow overnight so this morning we will be looking for a breakout of the London Session which we will then look for one of our Price Reversal Levels to hold as resistance and we will get short.  The bigger picture charts we looked at last night on our Daily Price Levels confirm we are trading in a sideways range this morning off the daily chart, so we expect this 2-sided trading to continue until we get news from Retail Sales later this morning.  Once again, we are looking for SELLING opportunities with Crude Oil Futures this morning.