VLO has been crushed - its now into support on the daily
Updated
With the market and oil being sold so heavily, VLO has been crushed and its into support here. It could head a bit lower if oil continues to fall, however, oil is into good support as well. Risk to reward is high here stop will be $78.04. If it pays me well today I may look to exit early. Cant be too greedy in this market.
Trade closed: target reached
With oil finding some support around $50 I lowered the stop to $76.00. No real news or action out of the G20 i'm closing this one with some profit, don't be too greedy this market will take your profits in flash.
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