CRUDE OIL has triggered long since the last two days from 58.00 levels. The RSI momentum has turned BULLISH since the beginning of the week. This move will trade towards 63.00 first and afterwards could see up to 70.00.
Ideal stops for this trade will be below the recent lows 50.80 but if its a too big of a stop for you, you can put the stops below the 50% FIB retracement levels.
If you are not in this trade, you can look to buy with a retracement towards 57.00 - 58.00.