Monday, April 09, 2007

Crude Oil Slides



Crude oil was down $2.62 today for the May contract. I've been bullish on oil and it's gone up nicely since the low. My view is to buy crude oil as it pulls back into support such as now. USO (ETF for oil) is approaching a trend line which might be a good place to buy if you are looking to get long oil.

Posted by Kevin

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