OK--FINAL CHART

ATW-HWB

Crude has moved up and past the HWB and the ME band associated with the minor move, only there as an obstacle to moving ATW-HWB (All the way)..

NOW, will 53.38 hold price back.  IF NOT, we move into the LONG target, 54.88 and take off longs at 54.75, the next major Century level past 54 and 54.25 and 54.50.

There is a lot of Profit room here in this long...and entries must occur only if .38 breaks and then the very next MM's, drawn from below .38 to the next swing high will be valuable.

 IF .38 holds, we are in for a ripe short. 

 53 flat is our entry here as we would want to see price move DOWN and then see 53 flat REVERT to resistance.

 

I am not convinced that the BID is over.

Dave