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Crude Oil - Roni Baloni

Crude Oil - Roni Baloni

Oil likely to remain range bound until the Covid situation is clear. All eyes on New York .

$40 is the top of the range. Somewhere between $28 and $35 is the bottom. Waiting for a bounce to start buying dips and then taking profits near the top of the range.

Roni Baloni:
If things aren't as bad as they seem and a daily candle closes above $40.50 I'll look to buy. Longer term target is $62.50

Roni Apocalypse:
If there is a complete meltdown and a daily candle close below $28 target is then $10.50

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