Crude traded back down to 40.78 and is now around 41.50. If you were able to get in, you can sell it here for a quick profit and probably be able to do the trade again.
There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results
Thomas M. Slater is the Branch Manager of the PFGBEST.com McKinney, Texas office. There he offers broker assisted and managed accounts as well as all the PFGBEST platforms for self-directed traders in the futures, options, and forex markets. He has been working in the financial industry since 1985. Mr. Slater graduated from the University of California, Los Angeles with a B.A. in Economics in 1986.