Are you looking at taking bites of the cherry up to 50, or to stay in for the duration?
If you are in for the long trip, where will you putting your stop?
If tmrw shows me a support level, where i can go long, i'll enter on 5 min chart.
I've never held any trade overnight etc im new to trading and not big time (not to say if it wasn't a good trade I wouldn't hold on!)
50.26 is just a level id be weary of not get out of exactly, if opec cuts continue etc could see oil climb much higher then this. i dont trade news but hard to not take account of it in a commodity like oil....if cuts continue ive read on bloomberg and retuers arcticles oil could hit 60 or 70
if i get an entry tmrw ill post how i entered on daily, 1hr and 5 min charts