Long Crude Trade
Posted on 11/13/14
- Crude closed at 4% Bulls on 11/13/14
- Since 2009, Crude was <6% Bulls only five other times
- Those dates were: 02/17/09, 02/18/09, 06/01/12, 10/09/14, and 10/14/14
Looking at those dates, Crude always made a lower low but tended to bounce thereafter. Our sentiment models suggested a buy order at 73.72 with a stop at 71.67. Members were sent these trade orders at 8:18pm ET on 11/13/14. Crude’s overnight low was 73.25 before it reversed at hit our first upside target at 75.27.