Monday, December 15, 2008

Crude Oil

Crude has had a big range again so far today.  Jan CL topped early at 50.05 and has been headed lower since.  It has dropped now enough to consider buying it again.  Buy Jan Crude at 44.80 with a $2.00 stop and a target back to the earlier $50.05 high.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results