Summary

  • March 8th offered a picture perfect entry long into crude oil at $54.52 with an upside price target of $63.80 to $73, with the higher side more likely.
  • If you missed the entry on March 8th, crude oil prices might offer one more chance to board the train before leaving the station.
  • Know the entry and stop out or invalidation level in advance of going long in order to minimize risk.