Sell 7000ish last week of April 18 Buy 6000ish mid May 18 Hold long until year end and fold for an extended period of time
Below Current Level Could open down. Oil may have to build a multi year base before it can lastly jump
Take profit for sure. Short if you can - 20% size stop 7% away + add 20% if climbs 3% which should not happen before July same stop (4% away then)... Hold that and wait. Sell in March and march away...
watch out here - Dont chase. be very vigilent on return below 2100.
It is not trivial but if nothing happened until end of July 2016, it may fall sharply over 4 weeks. The collapse is not certain but the subsequent upside could be tremendous. If 7700 is reached in August - DEPLOY FUNDS
short 30% 10,360 stop 10,900 on close (loss of 1.5% on stop) Lets warehouse this for a few weeks.
Here is the path predict. The toughest leg explain is the move down in the next 2/3 weeks.