Currently: Long Looking to: Sell @ 63.04
As of 3/22/19 close: $58.97
LAST WEEK: We suggested buying dips to $55 with stops on a close below $53.75 and with an upside target of $63.04.
UPDATE: Crude oil started a short-term pullback late last week. We believe this is a needed, healthy retrace of recent gains. We still are looking for a move up to $63 - $64 at the very least. An extended move could theoretically take prices to $67 or so. We would be buying crude down at $57.74 with stops below $56.61 and with an upside target of $63.96.