Currently: Short Looking to: Cover @ $51
As of 11/1/19 close: $56.17
LAST WEEK: We suggested shorting at last weeks levels with stops honored on a daily close above $56.75 and with a downside target of $51.
UPDATE: Crude oil futures rose sharply on Friday as the risk on trade was en vogue big-time.
Crude still has key weekly closing resistance at 56.75.
We would be willing to short crude at current prices with stops honored on a weekly close above 57 and with a downside target of 51.