Matthew Bradbard submits:

I was not expecting to be busy today, but with the Dubai news on a day like today, the volatility had markets all over the place.

Crude oil finished lower by but intra-day, traded almost lower. Coincidence or not, the 61.8% Fibonacci line at .25 should contain further losses; today’s low in January was .39. We would like to see the dust settle early next week before committing to either side. Clients were advised to take their January 50 and 75 cent calls spreads off today (some at a slight loss and others at a slight profit). Trail stops on mini-futures; .40 and then .60 could be achievable on this leg. On fresh entries we suggest February.

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