RE:Every day above $70 is a great day for longsok but also traders and hedgies are dumping based on the proven concept that oil goes down in a worlwide recession. so now my gains are evaporating on newer positions. we finally got big investors pumping up stock prices and now they are leaving like the bay of fundy low tide.
if the ukraine gets resolved, we'll be at 2018 prices again, and once again we will get f*ked possibly, or worse average down into a recession.
if china gets its act together, maybe we can start to move up. good luck with buy and hold