Near Term Trend: Bullish / Neutral
As of 4/6/18 close: $61.95
UPDATE: Last week, I suggested shorting crude on a bounce to $65.64 with stops above $67 and with a target of $57.29.
Crude tumbled late last week and appears to have completed five sub-waves lower in the short-term. That could lead to a counter-trend bounce.
Short-term traders can cover up shorts near Fridays lows and look to re-short on a bounce to $64.12. Honor stops on all longs on a close above $64.25 and look to cover down at $57.29.