1. We like fade plays on gaps on Wed. We will however have to keep an eye on this price channel developing overnight. If this development continues we will be apt to take positions in the direction of a breakout given the right criteria.
2. In terms of Ichimoku we are looking bullish so I would keep an eye for price moves towards the top of the cloud.
Notable News:
EIA Petroleum Status Report - 10:30AM
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