Trade Update: US Crude Oct '09 short @ 72.77

Again, we are shorting recent highs on the back of volatility cause by today's surprise EIA (Energy Information Administration) Oil Inventories data:

+1.1mln forecast vs -8.4mln actual

Our entry is 72.77 and we will move our stop loss (40points initially) to break even at the earliest opportunity. Please see the chart below: