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Instant Replay – Crude Oil

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In this feature the traders reveal some of their best trade secrets. Find out how Joe Terranova played Wednesday’s wild ride in oil . Will his moves work for you?

9:00am Oil starts to break-out

9:30am Joe Buys in at $52.39...Drops, and Joe get stopped out at $52
for a $0.40 loss

10:15am Oil retests lows, Joe buys-in again.

10:30am Jumps to $52.50, Joe sells – making up earlier loss. Joe is flat
going into inventory report.

10:35am Price plummets on inventory data.

11:00am Joe buys in at $51.02.

11:30am Oil makes huge recovery, up to $53.60. Joe gets out with a profit.

Want all the details? Watch the video now!



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Trader disclosure: On Nov. 26, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (NUE), (MSFT); Macke Owns (UUP), (MSFT), (WMT), (GM); Macke Is Short (TM); Finerman's Firm Owns (DSX), (RIG), (MSFT); Finerman's Firm Is Short (IYR), (MDY), (IWM), (SPY), (GNK), (EXM), (BBT), (COF), (USO); Terranova Owns (DIS), (XOM), (GIS)

Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO: Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)

Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (CLB), (DLR), (EPR), (EXR), (MAC), (SLB), (SKT), (UA), (IGE), (DBC), (DBV); Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights; Virtus Investment Partners Owns More Than 1% Of Shares Of Essex Property Trust Inc.; Virtus Investment Partners Owns More Than 1% Of Shares Of Corporate Office Properties Trust SBI MD

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