Currently: Cash Looking to: Buy at $55.69
As of 11/16/18 close: $56.83
UPDATE: Last week, I suggested buying at $58.07 with stops below $57.75 and with a target of $64.50.
Crude broke all bullish support this week and appears to have completed a third wave (iii) lower in the process. Now, we should see a wave iv counter-trend bounce to the $62.50 - $64.50 range.
Short-term, try buying dips to $55.69 with stops on any close below $54.75 and with an upside target of $62.50. Shorts should be tried up at $64.50 with stops above $65.50 and with a target of $56.