Let’s take a look at the following spread CLZ7-CLF8 (Crude oil)
The Spread Indicator entered the overbought level. The indicator crossed above 80 suggesting that the December 2017 crude oil contract is weaker than the January 2018 contract. I would consider selling crude oil December 2017 and buying January 2018 at the closing of the market
My trading ideas:
Sell crude oil December 2017 and Buy crude oil January 2018 at the closing of the market
Profit Target $250.00
Stop loss $200.00
If the market does not reach either the target or the stop, then exit on October 30, 2017 at the closing of the market
Initial Margin $209.00
Maintenance Margin $190.00
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