106-107 looks like such a given that I don't want to position myself for it. Needless to say I'm still short, I couldn't screw around on here in the afternoon because the baby was so freakin fussy. But today I'll be hedging up to 107 and then more short and naked. Scaling out of losers will commence at 107.425 and above. Today should be very interesting with this upward bias and probably a bearish inventory report. Have a great day everyone!
Nope managed to get out at 105.46 (i tick above my stop). Im trading the WTI on ICE exchange rather than the CL contract on Nymex.