Curr: Long Looking to: Sell @ 63.50
As of 3/21/21 @ 8:46pm EST: $60.85
LAST WEEK: We suggested shorting from $66.28 up to $67.98 with stops on a close above $68 and with a target for covering and getting long at $59.65.
UPDATE: Crude oil bottomed in the very short-term and should bounce to around $63.50 before heading lower once again.
We would hold longs until $63.50 and would then sell those longs and get short. Stops should be honored on a close above $64 and the downside target for covering shorts and getting long will be $53.83.
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