Wednesday, June 27, 2012

Starting to build Long Crude Oil position after 30% fall.

Crude Oil fell 30% in the last 2 months and it gives me a reasonable Risk/Return perspective to start a tentative Long position around the $80 level via the CL August '12 contract.

A clear stop would be situated below 77.5.

1 comment:

  1. Hope that Oil Trading would be better in this upcoming season. It would be harder to move up when Oil gets low.