Its very tricky to pinpoint a new sell entry on the 60 min right now. If one wants a tight stop that is.
Current level is ok if price breaks the weekly pivot its sitting on right now as I am looking at 38.50 as being the target. If price bounce from current pivot level then I am looking at 47.50 or even 49.50 as possible new entries.
Lets see, its yet another choppy chart to trade )
P.S. My longer term target for Crude oil is 25 bucks a barrel before I want to go long D.S.