Monday, December 3, 2007

BUY JANUARY HEATING OIL - Hit and Run Trade

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.


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