Crude Oil - Wait for it...
Updated
+$40 seems imminent however, a pulback and some chop in a range is likely. Buying dips looks to be the best strategy. $28 floor.
Alternatively, if there is a daily candle close above 40.50ish that might be good enough for me to start buying and ride the coat tails of a short squeeze.
Alternatively, if there is a daily candle close above 40.50ish that might be good enough for me to start buying and ride the coat tails of a short squeeze.
Note
Possible close above $40.50 today - BUT - this recent rally needs a break and Covid news is trending worse.
Seems more likely that price will be in a range below $40 by the end of the week.
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