Oil Slides From $85 - What's Next?

Friday August 11th Plan

Thursday Recap:

Crude Oil had an intraday high of 84.85 and a low of 82.59. The day's range was $2.26, and price sold below the 85.00 level, suggesting a potential focus on the 1-hour 200 ema support situated around the 81.80 region.

Although price action was choppy, price breached both the daily pivot and the 83.50 support, which were the key details to letting me hold onto the short positions (at least until the next level down - 82.50).