@Toland888, Probably 53.3-53.4 area. If that breaks, we may see 55+. Buy or sell at the current level is not suggested in my opinion.
Toland888
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@pparmy1991, Thank you for your advise. I am thinking about if I should close my HOD.
pparmy1991
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@Toland888, You are welcome. I didn't trade futures, just practicing chart reading techniques for now. You could take half of your profit and put the rest as break even. Or if you bought below 51.60, take profit for half of your position. Set the stop loss at 51.60 and let it go :)
Toland888
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@pparmy1991, Why don't you think 47 is the current bottom?
pparmy1991
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@Toland888, Actually I don't watch news a lot. My view of the current oil situation.