We’re placing an open order GTC ( good till canceled) to buy the Oil Futures the first time down into 102.20-50. The risk is about a dollar.

This is a very manageable area off the last big swing. We’re not sure what type of price action it will take to see this level, but we’ll execute a long if and when it trades here. Hopefully we’ll see it this week.

Investors, who are not comfortable with the futures, should look to buy the XLE around the 71.50+- area, with a closing stop under 70. As always, use the Futures levels to enter and exit the ETF’s.