After hitting an equality rebound from the December 9 low of $70.225 last night at $81.124, prices are currently pulling back. The original idea of crude oil racing higher towards the $83 handle remains valid. As such, re-positioning longs after taking profits on earlier longs last night may be justified.
#1 Bought @ $79.611 - Wed, Dec 28, 11:49am. Closed All Long Positions Jan 3, 2023 11:05am +$619.32
#2 Limit Buy @ $78.155.- Wed, Dec 28, 23:52pm.
Stop @ $76.970.
Target @ $82.99.