Crude Oil Strategy
Trading this week with the crude oil strategy has been very challenging for me. I preach to my members daily on how not to put your personal thoughts into the trade and trade it as you see it. Well I’m a victim of my own teachings. If I would have did just that, I would be up over 100 ticks for the week instead I’m down 15 ticks. Learn, adjust and execute.
Heating Oil Position
Going on the third day in the heating oil position, you really have to have a good stomach. Crude is being stubborn so the refinement products are doing the same. December wholesale prices in heating oil are dropping, hopefully a sign of supply.
EOD Spread Positions
Between yesterday and today we have initiated the Crude Oil and Natty Gas Spreads we have been setting up in the trading room.