February 12th, 2012
Published Daily

June Crude (last: 49.66)

by Rick Ackerman on April 23, 2009 12:32 pm GMT

The trade in June Crude is working nicely, since the futures topped this morning at 49.92, a penny from my target. If you shorted 49.91 as suggested, you're in at an unbeatable price and proftable on paper, since the futures have pulled back more than 20 cents from their highs. You'll be on your own now, but I'd suggest a stop-loss that would preclude a loss, then a 15-cent trailing stop if and when 49.60 is hit on the retracement. ...

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