Well, we have a pretty clear gap on oil. And there is a gamblers chance that this will fill sooner than later. I like the $5-7 range for a bounce but you MIGHT need to reduce leverage and hold these plays for months in this environment. However, after yesterdays moves, we might be setting up for some serious volatility in the near term. This is not trading advice.
Comment:
That sure played out, it happened really quickly...