How I trade crude oil 🛢️
1. Balanced or trending? That decides everything
2. Mark value: VAH, VAL, POC
3. Fade the edges when price gets rejected, not just touched
4. Target the next level, not a tick count
5. Defined stop. Every trade.
Crude reopens tonight with a lot on the table: a Russian diesel license, daily tanker attacks around Hormuz, and Trump saying no Iran strikes before the midterms.
EIA slides to Thursday this week. I’ll let the first few hours build structure before I mark anything.