oil is burning fingers this morning - i got my fingers burn yesterday so luckily i was gun-shy this morning. At the moment VWAP + peak volume (could change any moment) is telling me when its all said and done it will be another down day - so stalking short entry points. The ideal entry was 77.60 but I didn't get filled.
VWAP = Peak Volume which for me means - sit on the sidelines until the bulls or bears decide who is going to be dominant today.