Managed Account – Oil takes a turn

Managed Account – Oil takes a turn

We were able to grab a great entry on oil yesterday.  We took on our position at 91.90 and saw oil trade to touch the 94.45 area today.  Stop is in at a positive position so now we can watch as things unfold with a guaranteed profit locked in.

Crude Oil_Entry1

Our target started out at 95.00 but has been extended to 96.00 after today’s trading.  looking fo price to test the 50 dayMA as the first step.  Then we will see where we go from there…

 

Our other positions were closed on the AUD/USD, Silver, EUR/AUD and GBP/JPY for a good profitt.  Looking at the S&P in this area for a possible turn.  I am only long crude at the moment.

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