#Oil up nearly 2% today but no real change in the chart. The key levels and my trade plan remain the same with $80 support and $112 resistance. Nothing other than day trades in between for me. I have added in the purple lines to show the wedge pattern it is trading in. The longer price consolidates in this sort of reducing range the more explosive the break out usually is. It is likely that some sort of news event from the middles east will trigger the move eventually. Interestingly, the wedge pattern comes to a vertex at the end of May so it will be forced to break out by then. BUT, probabilities are 50-50 each way so I will sit this oput and just watch. #USoil #crude #WTI #trading $CL