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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (12509)	4/15/2015 11:53:02 AM
From: Goose94	Read Replies (1) of 203506

Crude oil has climbed back up to the top of the range going into today’s inventory report. I think we will maintain a range after the report comes out. I would watch for a squeeze to the upside before it pulls back for a few days. I recommend selling May oil at 55.75 and holding it short for a few days. Don’t get too caught up on the downside when it starts to slide lower. I would use a stop order at 59.25 on any short positions you take. I think we may see downside pressure into next week and then it will work back up to the current price levels. You may want to look at buying the May/June crude oil spread if it peaks around -200. Look around -150 for your profit order into next week. My risk is at -215 on the spread strategy. Enlarge Picture

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