Could oil move higher from here? If unrest continues to heat up in the Middle East, the answer is most definitely yes. On the other hand, if peace suddenly breaks out, then crude will likely take a sizeable hit.
If oil does march higher from here, I have some 'secondary' exposure in the form of DBE and RJI that I have 'tagged' w/ longer horizon intentions.
Meanwhile, seemed prudent to reel in a portion of this trade after a gappy 10% move in crude.
position in DBE, RJI
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