Crude WTI $CLQ5
Price certainly boxed in as visible here:
A break out of this, to lower Fib regions seems logical IF a continuation higher is in the cards to $75.
Two ways to play this idea
1. Long /CLU5 vertical 55/50 Put spread for $.83, $830 per contract. Risk/Reward here:
2. Long Aug. USO vertical 19.50/18.50 put spread for $.34, $34 per contract. Risk/Reward here: