Here is the update that went out to subscribers of the MDA 12/14/15 about our Heating Oil Position and Exit.
Our Heating Oil position is continuing to move in our favor another session. This spread position just put in another low @ -.1582 (That is 702 ticks or $2948 of profit before fees). The January heating oil has an expiration of 12/31/15. So we do have a small window of time left on this trade.
At this point, I believe it is time to take profits of the trade. We are nearing expiration and we are breaking well below the price averages we typically see on this seasonal setup. All though there could be a further downside, I am ready to ring the register and move on to another setup.
Trade Exit: – January Heating Oil Spread: dt Pro Quote: GHO FTS +F6,-M6
Buy Jan Heating Oil – Sell June Heating Oil @ -.1555 or better (+$2835 per spread before fees)
Here is an updated Daily Heating Oil Spread chart from DT PRO showing the entry and exit prices:
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