Yesterday I entered into a long position with Valero at $71.05. There is good technical support as the EMA9 crossed above the EMA21 and the EMA50. Additionally there was good volume pushing this through. Today the price broke past the swing high on 9/6 with 10.6MM shares versus 8.9MM.

My first target was $72.30 which was reached today but could not close above it. My second target is $78.52.

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