The recent long and short game of crude oil has been a tug of war back and forth. Today's crude oil thinking is still low and bullish. Around 68.00, it is the form support and the floor position of many times before the shock. Such a shock in crude oil needs the traction of fundamentals and news to run out of the shock.
My recommended trading strategy is 68-68.2 long, with a target of 69.9-71 (you can leave at any time if you reach your personal expected return)
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