Friday, March 09, 2007

Oil Update


I just wanted to post where I am putting my protective stop in oil. If USO were to hit my stop, a double top formation will have formed which would mean USO will probably sell off a bit more...That's why my stop is where it is. I'm bullish on oil, I'm long oil and today it was down $1.61..Nice huh? :-)

1 comment:

Thomas Hornblower said...

Found support again on it's 20MA
http://stockcharts.com/c-sc/sc?s=USO&p=D&b=5&g=0&i=t89014093470&r=3916

Money-Making Ideas

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites