Trading position (short-term, our opinion; levels for crude oil’s continuous futures contract): No positions are currently justified from the risk/reward point of view.

Crude oil has extended its short-term uptrend today. The market reached a local high of $72,02 (Crude Oil WTI - continuous futures contract). We decided to close our profitable long position with entry at $68.50-69.00 at the current market price of $71.70, because the market may be reaching some short-term high.

As always, we’ll keep you, our subscribers, well-informed.

Trading position (short-term, our opinion; levels for crude oil’s continuous futures contract): No positions are currently justified from the risk/reward point of view.

Thank you.

Paul Rejczak,

Oil Trading Strategist

Sunshine Profits: Effective Investments through Diligence and Care