We have a possible breakout scalp brewing in May WTI futures…
Here’s the key level to watch:
May WTI futures Intraday High, 108.75
Playing a retail washout above this level isn’t a bad mid-week trade. A buy from 108.76 should be worth a fast 5-8 ticks on a swift breakout. A tight stop loss of 8 ticks is recommended here.