Oil Closes Above 50 SMA For First Time in Three Months -- Sign of a Bottom?

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I entered my initial position around $44 in March, with a target of at least $84, and may add to my position after October if the market is in the current range or lower. That the price has closed above the 50 SMA for the first time in almost three months, though, is one potential sign that a bottom is in.

Oil Closes Above 50 SMA For First Time in Three Months -- Sign of a Bottom?