VLO has retraced 50% from the lows while putting in a bullish engulfing pattern on the daily. Expecting an uptrend for the rest of 2020.
Expectations are near-term strength as the rest of the market tries to make new highs behind the Nasdaq.
Due to current dollar weakness, expecting NZDUSD to move toward .7200 in the short-term. Thereafter, expecting dollar strength as the pair pushed toward. .6200 which is long-term support.