Crude Oil Trading Tips from CNBC
From CNBC’s Fast Money
In this feature the traders reveal some of their best trade secrets. Find out how Joe Terranova played Wednesday’s wild ride in oil. Will his moves work for you?
9:00am Oil starts to break-out
9:30am Joe Buys in at $52.39…Drops, and Joe get stopped out at $52
for a $0.40 loss
10:15am Oil retests lows, Joe buys-in again.
10:30am Jumps to $52.50, Joe sells – making up earlier loss. Joe is flat
going into inventory report.
10:35am Price plummets on inventory data.
11:00am Joe buys in at $51.02.
11:30am Oil makes huge recovery, up to $53.60. Joe gets out with a profit.
Want all the details? Watch the video on CNBC