I wouldnt touch this until the $72-74 region. Even there i would hope to get in lower. Patience required for an attempt to long this. Not an area i would short either despite the title. Just think, a wait and see method is best for Oil at the moment.
Last oil trade we road from $66-67 area up toward $90. Lets do it again.
Last oil trade we road from $66-67 area up toward $90. Lets do it again.
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Currently in the $72 region as expected. Just took nearly 2.5 months. Going to be patient with this. See if we can get in lower.
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Wanted to buy in lower, may have missed my entry. Not going to chase this. If you are in id be looking toward the $83 area. However, my plan is to keep an eye on this and see if we drop back toward the low 70s / high 60s to be a bidder.
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only took 6 months, but we are approaching low 70s... still holding out due to the opec news. No reason to rush a trade here.