Crude Oil - We look to Buy at 5400
|Crude Oil - We look to Buy at 5400 (stop at 5360).
Crude Oil - The rally was sold and the dip bought resulting in little net change yesterday. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. The medium term bias remains bullish. Bias is mildly bullish today but we need to see a break of 5500 to confirm the upward pressure. Preferred trade is to buy on dips. Our profit targets will be 5500 and 5569.
OIL Current Trading Positions
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