Crude oil prices surged to $81.691 overnight to the highest level in a week. Technically, this suggests that the bottom for this round was in place at $73.964. If so, this would further suggest we may see a re-test of the November high of $94.101. If so, this bullish outlook presents a buying opportunity - if there is a pullback to below the $78 level.
#1 Limit Buy @ $77.830. Order Filled Tue, Dec 6m 01:15am.
#2 Limit Buy @ 78.790 Fri, Dec 2 14:34pm..Order Filled Tue, Dec 6 02:20am.
#3 Limit Buy @ $76.920.(Cancelled Fri, Dec 2 15:01pm.
Stop @ $76.620. All Stops Moved to $78.760 Wed, Dec 28, 00:41am.
Target @ $93.990. Profit-Taking Level shifted to $92.950.