What to do With Long Crude, and other Short Term Recommendations
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.If you took my Crude recommendation from yesterday you would now be long March Crude around 4325, with a stop loss suggestion of 4125 stop. If you are conservative you may want to look at a potential profit area around 4530. For the more aggressive you may want to wait and see if the Crude completes a "w" formation. It will take a close above 4678 to signal a continued building of the "w".
For Thursday:
Buy Feb Cattle 9062 stop, consider a stop loss around 8760 stop.
Sell May Lumber 354 stop, consider a stop loss around 364 stop
Sell March Aussie 7570 stop, consider a stop loss around 7804 stop.
Feel free to comment or ask quaetions.
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
posted by Lee Gaus @ 4:51 PM
0 Comments:
Post a Comment
<< Home