With the recent hurricane activity near refinery locations in the USA, the price of Crude Oil has been volatile and difficult to forecast accurately.
This has kept our ALGO sell signal for STO offside since it was triggered on Wednesday at $3.81.
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With spot Crude Oil prices dropping over 3%, and below $47.50, during yesterday’s NY trade, the Short STO signal may look more attractive on Monday.
Santos
Crude Oil
