We are moving the stop up again on our SLB trade. New stop is $38.95. So far we’ve caught a nice move up in oil itself. We could see some resistance at this level, and possibly a pullback. If so, we’ll want to lock in gains in SLB. It is still quite possible that oversupply issues are being worked through, and OPEC will follow through on more production cuts. If they do, that should help … read more Trade Update
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