I have temporarily closed my Crude Oil Futures short position with over a thousand dollars profit per contract. I am afraid that with these economic data (stronger than I expected) risky assets might rally today.
I am playing it safe, because I think that Crude Oil has a great downside potential, but I am also a market timer and my tape reading instincts tell me that it it wiser to close the position for the time being and re-analyse it later today or Monday.
Besides that, my weekend will be a lot more relaxed knowing that I am not carrying a big position over the weekend.
Best luck with your trading today. Don`t let them beat you.
Oil Traders Blog is a website for active online futures traders. I will provide my real time trading decisions and my market thoughts on this webpage.