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OILITRADINGINSIDER.BLOGSPOT.COM
A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Tuesday, April 7, 2009
i told you last night before it dropped so you could sell easily-last day to join at 0ne dollar a day
we told you to sell at 51.30 last night-instead of covering we had you move stop so move it again n- I think the point has been proven-many times over
132 update move stop again 49.5 protect 1900 we will cover and go long at 48.875 area
212 we got stopped out 49.5 made $1900 great day wait for your price to go long we should get one more push lower
we buy a point lower if we are lucky
after the Globex close we are on the botom of the buy channel again we are looking to see if we will bounce again
we put in a bid 4:36 48.49currently 48.66 it is our first buy reco of the day we are down a long way now moved down to 48.49
bot 48.49 stop48.24 time 4:49
Extended close we are 9cents as you know EIA is out n the morning-Is this a surprise this thing has been rallying for weeks in spite of these so-called large stockpiles of oil. We are up a lot here so if we get stopped u and take a quarter hit we will live with it and reassess this baby looks weak and news looks bad and the overall market looks bad-but technically here it looks good- when it 54.87 all we heard is 60 and some jokesters even clamored around the price
It just might drift south another point but these guys with their economic data are usually a day late reporting yesterday's news- SO like I said down 9 cents comes out to 93.75 with commissions big deal- At least I don't run around with has happened I deal in what will happen
because that my friends is why we are always getting paid
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market selling off agai oil sticks it head above 51
i got stopped out but you shouldn't have
151 shift stop protect $300. profit
bam long 1 49.87
130
stopped again but again at a profit-check all the ...
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oiltradinginsider
new york, new york, United States
technical and fundamental coupled with most recent economic data -2 major postings a day 8 AM and 8 PM many days supplemental posting so keep it linked to your page
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