I am anticipating that prices will make one more swing up to the 52.75 (.5 mark of the upper trading range) -53.04 level; Prices are working towards a mid term run staying above the upper TR 50.37 price, however in the even of a break below, perhaps due to high USD/FOMC, swings back to 48.6 (near the midpoint of the lower trading range) are likely. Overall, i see a potential range of 48.6-53.04 short term into Jan 2017. You can zoom out to see the Feb 2014 clusters I am looking for a possible repeat of.
I will be shorting the 52.75 level and will then base shorts or long off of the 50.85 daily close level. Prices below 49.18 (.75 mark of the 45.62-50.37 Daily TR ) are in the buy zone
This is observational and not a specific trading strategy.
Good trading all!