He is looking to buy at current levels around 112.55 and add on a move above 112.75. He works a stop below 112.20 and is looking for 113.50 initially, then 113.90 and 114.60, the latter being the recent high from November 6th. Finally, he has a bigger picture target at 115.60.

Lambert explains the background to a selected trade every Friday on Trading Floor.

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