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I covered my July crude short from 4172 on Friday at 3940 just before it began its late day rally. No question, Luck is better than skill!
I still like the short side longer term. However, I'm sensing a pretty strong rally early this week. There are likely a boatload of buy stops residing in the 4180 to 4250 area basis July that might be irresistable to the floor. That is where I'll be looking to short from again ... unless we get to late Wed early Thurs ... then I'll short anywhere above 41.
Great Trades To You!
Lou