Crude
I'm thinking 28.30 is a certainty and 28.88 - 29.03 is a possibility on this little bounce in crude - but then that's it. We should see one more stab lower in crude down to the low 25s before a move back up to 30 or higher occurs. We'll be selling our UWTI long starting at 28.30 and getting all the way out and switching to the short side between 28.8 and 29.03. Stops on the shorts will be on any close in crude above 29.03.
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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member
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Excellent advice these last turbulent months...
Wide stop loss and small at profit taking but that's their style.
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