I will be adding January 2008 heating oil to the Long commodity portfolio at the open tomorrow.
Of course if it looks like it will have a large gap opening either way then I will have to finesse the buy side a bit and not just jump in at the open.
Keep the sell stop close at the low of today or just a few tick below.
This trade is looking for a quick sharp upward spike and not the birth of a new trend.
We are going to hit and run this one and I do not anticipate holding the trade any more than 3 or 4 days.