Oil from here Week of Jan 13

Jan 13, 2018

Continues up the curve with an even steeper incline. It may either continue going up the curve but what comes up must come down or it hits a part of the curve and consolidate at around 60-64. If it drops from here, it may go down to the 56 range. Time will tell, give it another week and see where it goes. If one buys here, they should have stops or a put to reduce risk of a drop. Disclosure: I have been holding oil with a put at the moment.