Crude (JAN)
Today’s headline:
“OPEC-Plus agrees to increase output by 500K barrels a day beginning in January.”
This news item brought Crude tour next upside target 46.70.
The next upside target hereafter is 47.20.
However, technically Crude is near a high.
Therefore, the trading suggestion is short Crude at the market with a buy stop at 47.20.
Please note that Crude did not cancel its buy signal yet, and that it is an early trade.
A close below 44.20 confirms a sell signal.
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Crude Oil Dec 4 2020
