I'd keep an eye on the $57 handle (CME CL front month). If it breaks, and it would need to be a clear break, WTI could have some room to the downside.
This scenario played out yesterday. I probably waited too long (too conservative), but it was an easy ride to some quick profits. Here's the trade:
This scenario played out yesterday. I probably waited too long (too conservative), but it was an easy ride to some quick profits. Here's the trade:
We must learn who is gold, and who is gold plated
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