Currently: Long Looking to: Sell @ 56.72
As of 12/1/18 close: $50.93
UPDATE: Last week, I suggested buying immediately with stops below $48.25 and with a target of $58.
Crude futures remain under significant downside pressure and appear to have room to fall a bit further. However, even a modest retracement of the recent decline takes prices up to $56.50 - $58.00.
I would hold longs and add to them near $48.50 with stops below $48.25 and with an upside target of $56.72.