Currently: Cash Looking to: Buy @ $72.28
As of 10/5/18 close: $74.34
UPDATE: Last week, I suggested selling longs and getting short of crude up at $75 with a downside target of $65 and stops on a close above $76.
Sell longs at a gain at $75? Check! Short at $75 with a target of $65? Stopped out grrrr. The daily chart to the right tells me that crude will dip to $72.25 - $72.30 and then rally to re-test the $76.40 - $77 level before turning lower again.
I would be buying @ $72.30 with stops on a close < $72 and with a target of $76.40. I would then be shorting up there with stops > $78 and with a target of $72.50.