Currently: Cash Looking to: Buy @ $52.56
As of 8/16/19 close: $54.92
LAST WEEK: We suggested buying at $51.16 with stops on a daily close below $50.53 and with a target of $60.38.
UPDATE: Crude oil futures pulled back a bit late last week after rallying off of lowered support. We see support lifting up to $52.56 now with extended support down at $51.69. We would be buyers of crude near $52.56 with stops honored on a daily close below $51.69 and with an upside target of $60.38. Well be shorting up at $61.41 if that level is tested.