Currently: Short Looking to: Cover here; re-short @ $55.90
As of 1/26/20 @ 7:56pm EST: $53.00
LAST WEEK: We suggested selling longs / getting short up to $60.43 with stops honored on a daily close above $60.50 and with a $43.60 target.
UPDATE: Crude oil futures are trading sharply lower Sunday night / Monday morning as global traders seem to be anticipating a massive slowdown in global travel.
The next very short-term support comes in at $51.93 current levels. We would look to cover shorts at current levels and then try trading longs near $51.93 with stops honored on a 4-hr. close below $51.75 and with an upside target of $55.90 for selling / getting short again. The target on that short should be $51.52.