Important levels

UWTI has had incredible range lately.  I have traded it back and for a ton.  Take a look at today's intraday chart to see for yourself.  Notice how perfectly it moved between its levels.

Once it broke its opening range, it continued to build under that level.  It was a clear downtrend bias. I waited for a bounce to its new resistance and took a short once it stalled out.  After that it was scaling out near the temporary support.  After it broke the 24.30s area you can see it had a strong down push right down to its support area.  Things move nice and easy when you have defined levels and plenty of room on a chart for the stock to make its move. Thats what this had and that is why it moved so nicely.