Currently: Long Looking to: Sell / short @ $72
As of 10/19/18 close: $69.37
UPDATE: Last week, I suggested buying @ $70.25 with stops below $69.75 and with a target of $76. I also suggested shorting at 76.41 with stops above $78 and with a target of $55.
Crude dropped further than expected but look to have completed five waves lower. A counter-trend bounce should take prices up to $72 before more downside commences.
Adventurous buyers can try getting long now with a target of $72 and with stops on closes below this weeks lows at $68.47. Short up at $72 with stops above $73.17 and with a downside target of $64.