Another downtrend break, I don't think it will take more than 12 months to get to 120, it could be much less. Still better off buying spot or ATM Calls.
Oil is sitting just above monthly pivot, I think a stop at the monthly low, $77.80, is best, but a very conservative trader could probably get away with Long TP 120, SL at $80.50.
Oil is sitting just above monthly pivot, I think a stop at the monthly low, $77.80, is best, but a very conservative trader could probably get away with Long TP 120, SL at $80.50.