Good thread! Agree with the staying long here. This flat is about to get resolved to the upside. Five of a three or C here we come!
Look to sell the longs around the 51.25 area and looking for short entries on the 5 minute from 51.50 up to 56.50 if it makes it up that far for a correction or a resumption of downtrend.
If you can hold through Hurricane Janet, you are either bold, brave, clueless, or a swing trader However, nice support if they can keep it above 4757s. Can they hit 4820s today? If 4757s break down, the deal is off. In the infamous words of Jimmy Buffett - only time will tell. ... update - took some off 4780s, loaded more back down to 4757s - now just ready to close out if she breaches support and flatten or enjoy 4820s - only time will tell. Enjoy the weekend one and all!
I would imagine holding a oil long through a weather event that could disrupt supply isn't a bad thing
Friday was a good trading day even though they didn't hit my aggressive target... Will probably tag it Sunday night, but I don't hold overnight
%% Could be. NO wonder brent is up more. TX AG has posted a toll free telephone for TX longs that are trying to price gouge. That should not affect brentMyself ,i usually try to avoid gov investigations, even when i'm innocent-they take so much time + some case, legal /CPA fees.....