OIL is an ETN (exch traded note) and XLE is an (fund of stocks in the energy sector). Do you due diligence on these prior to establishing your positions.
I like how these two trade together and I like the sizable disparity lately. I have pointed out this pair before, but didn't give specific trading parameters.
This time I believe risking 5% to make 5% to 8% is the right trade for the next 5-15 days.
Tim 11:40PM EST Monday, Feb 10, 2013