Wednesday, July 7, 2010

Oil Update- 07.08.2010

Yesterday afternoon I bought some CL futures at a price of $72.60/barrel. My call has paid off thus far as crude is floating to $75/barrel. I will take some profits in the morning and re-evaluate from there. I may wait to see the EIA data before I make my trades for the rest of the week. Stay tuned!

Related ETFs: PowerShares DB Crude Oil Short ETN (SZO:US), United States 12 Month Oil Fund LP (USL:US), PowerShares DB Crude Oil Double Short ETN (DTO:US)

Patrick M. Ambrus
Analyze Capital LLC

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