Here is the update from the MDA newsletter from 12/14/15 Highlighting the Exit of this position.
The January WTI vs Brent Crude oil trade I have been holding finally broke out of the short term channel I highlighted on our last update. The spread broke out late afternoon Friday and tested the recent high’s from mid-November and then retraced back down. Today, we tested those highs and made a higher high. With expiration on the January contract of Brent 12/16/15 it is time to liquidate this position for a profit. We have been patient in holding this position and it has rewarded us.
Look to exit this spread position @ -1.55 or better.
Sell Jan WTI – Buy Jan Brent @ -1.55 (sell side on dt Pro) quote “NSEA-WTI-MF6 IS -,+
With my entry of -2.70 this is a +$1150 profit before fees. This spread did give the opportunity for better pricing so profits could be better for many followers.
Here is an updated chart from DT PRO showing the trade entry and exit.
Jan WTI vs Brent Crude Oil Daily Chart:
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