Crude Oil Breaking Out of Balance to the Upside

Just wanted to do a quick post on a oil swing trade I made today, crude had been balancing between about 92-97.50ish the past month, & today seems to be breaking out of balance to the upside, as always we look to go w/ the break of balance 1st.

We grabbed some OTM 100 calls for crude (Aug 1.20-1.35), but also grabbed UCO at 31.20 (double long crude oil ETF) for liquidity reasons. On the open this morning we held our last swing high made on 5/20 to the tick that basically gave us an opening drive up open off a nice gap higher (both good signs for the upside break). I would look at stopping out if crude makes a VPOC back under 96.40. If the trade works we will let the market tell us how far she wants to go. Trade em well!