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Blue Line Futures' Bill Baruch Is Bullish On Crude Oil

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On CNBC's "Futures Outlook," Bill Baruch of Blue Line Futures said crude oil is going higher because it managed to hold ground despite a big inventory build on Wednesday and a decrease in the S&P 500.

Baruch is a buyer of the February mini crude oil futures contract at $45.25. He wants to make $2,375 with this trade so his target price is $50. He would place a stop loss at $42 to try to limit a potential loss to $1,625.

 

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Posted-In: Bill Baruch CNBC Futures OutlookFutures Markets Media

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