Currently: Cash Looking to: Buy @ $51.15
As of 8/11/19 as of 10:12pm EST: $54.30
LAST WEEK: We suggested buying at $54 with stops on a daily close below $53.69 and with a target of $62.88.
UPDATE: Crude oil keeps pressing lower than we think if might each week which should probably tells us that the trend is bearish. Well give it one more shot at optimism for crude, though. If support breaks this time, though, it will mean real trouble for the bulls. We would be buyers of crude near $51.15 with stops honored on a daily close below $50.60 and with an upside target of $60.38. Well be shorting up at $61.31 if that level is tested.